S&P Futures

esday

Monday midday @ 843 – the market has pulled back to the 807 level and now is attempting a second leg up on the daily time frame.

Monthly – trading at the median line of the down fork.  916 starts a new retracement up. and 724 retarts the down move.  divergence remains in place.  downward time pressures will begin in May 09 and remain in place throught 2009. 

Weekly- this current down cycle ends 2/20.  848 will start a new move up. but the EP for the down move is close by at 806.  the indicators are showing divergence warning of a possible rally.

Daily – in the down move next price objective is 795; indicators have turned up, need a trade thru 848 to start the upmove.  the down cycle ends 2/6.

Intraday – has started an upmove target 863 and already at an intermediate price objective – use an 832 stp.