Sunday, May 17, 2009

E-Mini S&P Futures Analysis

Right now, the e-minis are on sell signal the IT top was put in at 928. There is strong support on the 878 level on the 20DMA, this moving averages have been acting as support since the rally started we tested this MA twice this week and bounced. When this MA support break it should bring more selling pressure and push the S&P around 867 level. Which is also the bottom trend line of this channel.


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