Thursday, January 11, 2007

S&P and Spider Update

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

The S&P's have dropped a tad more than 6 points from today's high at 1435.75 and the Spiders have dropped about 60 cents. I think this reaction is complete and that the market will move to new highs for the day later today or move above today's high early tomorrow.

1 comment:

Anonymous said...

The dow jones today up,i was thinking that friday dow jones are by 12.100,this is difficultly in this moment but tomorrow 12.400 is probably.This up is a upward trap and annuls the raise that was expecting from friday.Now the dow dones should to down strong in next weeks.