Market Analysis for Jun 15th, 2005
The action during the past couple of hours suggests strongly to me that the bulls are pretty tired and right now do not have much if any power left to propel equities higher. If that proves to be accurate, then we should expect the e-SPU to head lower after this brief pause -- towards a confrontation with important support at 1200-1196. A break below 1196.25 is needed to trigger larger, more powerful sell signals.
Today, June 15, is the last day to receive 2 of Mike's services -- his E-mini Diary and his QQQQ Trading Charts -- for the price of 1. Sign up for a FREE 30-Day Trial today.