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.
2 comments:
Hi Carl,
Fantastic work you do here. I wish I had half your knowledge on the subject of forecasting.
Where do you see the market going after it hits 1418-1420 resistance???
Thanks again,
Andrew
Hi Andrew, pls check tradertim's blog, he'll tell you it's going DOWN!!!
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