Market Analysis for Jun 15th, 2005

The action during the past couple of hours suggests strongly to me that the bulls are pretty tired and right now do not have much if any power left to propel equities higher. If that proves to be accurate, then we should expect the e-SPU to head lower after this brief pause -- towards a confrontation with important support at 1200-1196. A break below 1196.25 is needed to trigger larger, more powerful sell signals.

Today, June 15, is the last day to receive 2 of Mike's services -- his E-mini Diary and his QQQQ Trading Charts -- for the price of 1. Sign up for a FREE 30-Day Trial today.

  • 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!