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Neither Here nor There
December 3rd, 2008 at 5:47pm · No Comments
The eMini seems to be in a no-man’s land here. The 60 minute chart recovered, while the 135 is pinned between recent net-line support and resistance. With prices closing right below the top of Monday’s gap (871.75) that number becomes key early tomorrow. If the bulls make progress into that gap, then they will strengthen their own position. But as of now, they haven’t erased the bearish implications of Monday’s decline, that prices need to go back near the lows below 800.
Tags: General Market Commentary · S&P 500
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