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S&P 500 Futures Falls through Trap Door

Wednesday, 01. February 2006


No long position established  at 1289.50 as no support was ever established at 1286.75.  S&P 500 futures opened below our support level and continued to slide until late afternoon. We remain in the bullish camp, but will never enter without proper setup and confirmation.  Recent volatility should bode well for a trade in the near future.


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