July 29th, 2010
Published Daily

ESH10 – E-Mini S&P (Last:1096.25)

by Rick Ackerman on February 4, 2010 5:09 am GMT

Another day spent in conjugal embrace with the pooch, with no previous peaks of any significance surpassed. But notice how DaBoyz did not allow the futures to fall very far either. This suggests they are simply marking time until the conditions are right — which sooner or later they will be — to invoke a short squeeze.  Astute pivoteers might notice a succession of closely spaced, descending peaks made yesterday — a veritable forest of potential camouflage opportunities if an A-B rally should pull back from any of the in-between spaces. Your diligence and patience in monitoring this situation could yield a quick pay-off, since immediate upside potential is to 1107.75.

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Read more on S&P 500 (SPX), E-mini at Wikinvest

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