February 12th, 2012
Published Daily

ESM09 – E-Mini S&P (last: 903.25)

by Rick Ackerman on May 29, 2009 1:04 am GMT

The short-squeeze rally into the final bell turned chicken just shy of Wednesday’s supply zone, suggesting DaBoyz will try to pop it through the resistance if there’s a flurry of market orders to begin the day. If  They can’t goose the futures above that level (i.e., 914.00)  in the early going, however, I doubt that they’ll be able to do so later in the day. That would leave stocks treading water and vulnerable to a selloff  ahead of the weekend.



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