Thursday, December 07, 2006

S&P Update

Here is an hourly chart of the March S&P e-mini futures. I commented on this market earlier this morning.

I still think the S&P's are headed down into the 1417-19 zone before they rally to 1437. I see resistance right now at 1428 and expect the market to rally near there and then to drop to its support zone of 1417-19.

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