Postnote: I have subsequently updated these charts to show the early action for Thursday 2 December. It appears to me that the market will either reestablish a trading range or make a breakout play to the higher targets around 1250 into the year end, setting up an early 2011 decline.
"O that I could find in the desert a wayside shelter for travelers, that I might depart from my people. For they are all adulterers, an unfaithful mob of traitors. Their tongues are devious weapons, bent like drawn bows. With falsehoods rather than truth they have gained power. They commit one crime after another. They do not know me, says the Lord. I will make Jerusalem a heap of ruins, the lair of jackals. I will lay waste to Judah, a desolation where no one can live."
Jeremiah 9:2-3,11
01 December 2010
SP 500 and NDX December Futures Daily Charts
Postnote: I have subsequently updated these charts to show the early action for Thursday 2 December. It appears to me that the market will either reestablish a trading range or make a breakout play to the higher targets around 1250 into the year end, setting up an early 2011 decline.