Emini Trading Market Preperation June 10 2009
The E-mini SP’s rallied on light volume to test 945, no real surprise as we had mentioned yesterday that this is what we were looking for.
We continue to hold this neutral area, neither losing nor building value. As long as we continue to consolidate above 925 the market will attempt to push for higher value, by first retesting 957 and then 1,000
For tomorrow Wednesday June 10, 944.50 and 939.00, almost identical levels that we have seen for the last few days. further evidence of this consolidation. A brief attempt by locals to test the recent level of 935 just below is also in the cards, volume on that test will be the key to whether we continue to retrace all the way to 925
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Category: Market Commentary
