Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Friday, September 05, 2008
Up to 1250, Then Down
During the past hour or so the e-minis have rallied on what I interpret as increasing volume. This is the first time this week such a rally has developed. I think it means that the futures are headed up to 1250 where I think they will be a sale. If I am reading this correctly today's low at 1216.50 will be the low for the next couple of days.