The SP futures went down to the forecast support level of 806 and then we went into the last hour of the trading day with a short covering technical rally.
The bulls are not out of the woods yet, and must take that overhead resistance, formerly support, and stick it. It might not be easy to do into a three day holiday weekend.
The Big Picture
12 February 2009
SP Fututres Hourly at Market Close
Category:
Sp Hourly Chart