Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Monday, December 04, 2006
Here is an hourly chart of the December S&P e-mini futures. I last commented on this market here.
The rally off of the Friday afternoon low at 1387.50 has been a vigorous one. I think the market has started its move into the 1418-20 zone. (NOTE: when we switch into the March '07 contract the target zone will be 1430-32 because March is trading about 12 points over December).
Today I think the S&P's will find support near 1399, just a tad below Friday's close at 1400.25.