Thursday, April 13, 2006


Here is a 15 minute bar chart showing regular hours trading in the June S&P e-mini futures. I last commented on this chart here.

I still think that the 1289.25 low will hold and that the market will soon be trading above the 1330 level. The reaction from today's high at 1299.25 should halt around the 1293 level. If it does this will be a second consecutive higher low and imply that a strong move above 1300 should develop early next week (all US markets are closed tomorrow).

1 comment:

Anonymous said...

I think just the opposite--1289 will be broken in the S&P and silver will make a new high soon.