Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.


The time of truth for the e-SPZ approaches as the index slices below key micro support at 1235.75/75, but does not follow-through to the downside (yet). The area between 1235.25 and 1230.75 is the cushion that separates the index from sliding into a much more bearish technical juxtaposition. If 1230.75 is violated, then the e-SPZ should press lower in a hurry- to test the Katrina 50% retracement level to 1225-1224- likely on the way to 1218. At this juncture, only a rally above 1239.50 will negate a break below 1230.75. MJP 09/19/05 2:40 PM ET 1235

For more of Mike Paulenoff, sign up for a FREE 30-Day Trial to his E-Mini/Index Futures diary. Or try his QQQ Trading Diary.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!