Market Analysis for Jan 25th, 2005

The E-mini March S&P has entered a high-level holding-congestion pattern near the top of today's range, which when complete should resolve itself to the upside in a thrust that confronts the next resistance level along the minor trendline off of the prior two rally peaks -- at 1176.00/25. If hurdled, then the index should accelerate to the upside into the 1180 area.

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


  Matched
x
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
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!