“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
12 March 2009
SP Futures Hourly Chart at 3 PM
June is now the front month.
Resistance to the countertrend rally is obvious and technically consistent with the major Fibonacci retracement levels.
This is a little too 'pat' for our taste but let's see what happens.