Monday, March 30, 2009

S&P outlook: Futures

I'm not really sure how the futures market works or if it's anything to give particularly heavy weight to, but here's where we stand as of 2:15 am on monday morning:


Short term view of recent rally:


2009-03-30_0107.png


Longer term view of bear trend:




2009-03-30_0109.png


I have formation at 8:30 tomorrow morning and won't be able to get rid of my SSO position. I think it wise to get shot as soon as possible, until the overall trend tells you otherwise.


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