Friday, December 22, 2006


Here is an hourly chart of the March S&P e-mini futures which trade about 11 points over the cash index. I last commented on this market here.

I think we shall see the S&P's trade in the 1416-18 zone early next week. Once the low occurs the market will then begin a move up to 1455 and evenutally higher than that.

1 comment:

Anonymous said...

Glad I discovered this blog, thanks for sharing your thoughts.

I'm curious if you would do an update on NYX? I am also bullish on it, but the large short position concerns me.