Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Wednesday, November 05, 2008
60-80 point break underway
In this morning's guesstimate I said that support in the S&P stood at 975. However the market has since put in a lower top near the 1000 level and this makes me suspect that the entire move upward from 825 to 1008 in the e-minis is being corrected. I think the market will establish a higher low in the 930-40 zone during the next day or two and then resume its rally to 1080.