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.