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Probe into resistance at 872

Posted on January 29, 2009 Written by Chart Prophet

From webcast Monday:
Re long side of the market
>>If you are a longer term trader or swing trader I would wait for bulls to auction price back above 872<<

Yesterday SP500 emini probed onto that poc and has found resistance – this has been the controlling price for a while now – be cautious about the long side until there is consolidation above this level.

sp500-emini-012909
sp500-emini-012909

Filed Under: emini SP500 (ES)

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