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.
"It is rather for us to be here dedicated to the great task remaining before us — that from these honored dead we take increased devotion to that cause for which they gave the last full measure of devotion — that we here highly resolve that these dead shall not have died in vain, that this nation under God shall have a new birth of freedom, and that government of the people, by the people, for the people shall not perish from the earth.” Abraham Lincoln, November 19, 1863
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.