Friday, January 27, 2012

1309.75 "pinch" - Afternoon S&P Note

I am very disinterested in the current market; recycled headlines et al. Anyway the S&P future contract saw rising prices throughout the morning; from 12 am or so until cash open... and again after cash open (almost identical to yesterday); the price sold off 10 handles.. from 1317's to 1307. The overnight low broke without hesitation, yesterday's lows below 1305 were not tested.....  Thus making 1307 the line sand

5 min ES