Tuesday, December 30, 2008

S&P Daily Futures Chart With Potential Bullish Targets; Dec. 30, 2008

Today's rally was strong other than it was on light volume as expected due to the holidays. With the rally unfolding today, we can see from the above daily S&P futures chart that there is a possibility the bullish move to the 950 area is underway. I listed 3 key resistance levels that should ultimately halt the rally, if it even gets there. Those are the levels I will most likely add to my short positions.

1 comment:

Michael K. said...

I cover my short after losing 8% today, the ETF ended down 11%, I saved 3%. I might jump back in when the S&P is around 900-960 or on Friday. :)

Thanks for keeping me updated