S&P  500 Futures Trading Blog

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S&P 500 Cant Find Support As It Slides Below Previous Support Levels

Friday, 30. December 2005
S&P 500 Futures Market has turned its back on a Santa Claus rally. Its pouring on the coal below the 1260 level that was considered previous support. Volume is at holiday lows so this move has to be somewhat discounted, but price is still price. There will be no trades considered because of the holiday low volume environment. Additionally there is no setup so we'll just be content watching until the new year.

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