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Strategies & Market Trends : S&P Futures - Indicators and Strategies

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From: tombradley	6/13/2006 1:41:44 AM
	of 28

TECHNICAL OVERVIEW Tues SEP S&P Resist: 127040, 127605, 128125* ST Trend: Down (126150) Supprt: 1259, 125675, 1247-1244 Obj: 1233 TRP: 128125 Comment: Last Thursday's spike low hints for a near term extreme. Suspect attempts to correct / recover back into last week's selloffs. A close over 128125 is needed to spark a multi-day retracement back into the 1290's. We may see secondary dips today inside last Thursday's spike, but look for the market to fight for rebounds off 125675. A close under 125675 will foster a test of last Thursday's low, but a close under 1244 is needed to release another bear wave.

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