Market Analysis for Feb 17th, 2005
As we approach the final hour of trading, the E-mini March S&P
continues to trade within the lower third of its two-day
range as pressure mounts on critical micro support
at 1203.25-1202.25. A sustained break below 1202.75
should trigger an immediate press towards 1200.
At this juncture, only a rally that sustains above 1208.50
will neutralize the immediacy of potentially serious
near term technical damage (below 1202.50/25).
For more of Mike Paulenoff, sign up for a FREE 30-Day Trial to his E-Mini/Index Futures diary at. Or try his QQQ Trading Diary.