E-Mini S&P 500 Futures Review/Analysis
At first glance, the recent price action in the S&Ps may signal weakness, but I'm not so sure. If this market was truly weak, I don't think we would be getting bounces in the 1125-1126 area. A truly weak market would have flushed down further, IMHO. I could be completely wrong, but these bounces make me think there's still some life in this market. We'll see...I'm going to try to remain neutral until the market gives us some clear direction out of this area.
ES 5-Minute Chart for 01/20/10