Charting: E-Mini S&P 500 Index Futures

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Charting: E-Mini S&P 500 Index Futures

By David Spurr on December 22, 2008 | More Posts By David Spurr | Author's Website

You can see that we’ve been rangebound for a month, trading between the 825-925 range. We’ve been forming a symmetrical triangle and a break of that triangle could set us up for a retest of 828. I’ve identified two possible areas of support on a break of the triangle: 858 and 841 seem to be two areas of support on the hourly charts.

On an daily close below the trendline, I’ll go long SDS with a tight stop.

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