Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Thursday, March 26, 2009
Here is a five minute bar chart of the e-mini day sessions. I am sticking with my range estimate of 805-835 for today (blue rectangle). I put the low of the range at the midpoint of yesterday's big break from 823.50 to 787.00.
I think yesterday's late rally was a small demand shock (green arrows). If I am right about this the market will not go below 805 and should be trading at 845 within a couple of days.