Wednesday, October 12, 2011

S&P500 Equity Index Futures Traded Over 1200 (SPY)

By Hedge Ly | 10/12/2011 05:42:00 PM |

1216 was the high today kissed a downtrend on the DOT. Now the ES is 20 handles lower. Time for a downtrend? Probably. 1199 is the sticky level after hours..

If we do not drop the S&P500 is amidst the largest rally in history of the stock market in the shortest period of time.
4 hour ES_F 

the market can remain irrational for longer than you can remain solvent.

Posted in: ,,