Market Analysis for Jun 21st, 2005

After some 5+ hours, the e-SPU remains inside the coil, but the coil looks pretty mature at this point -- ready to break out to the upside, or fail. Right now, my micro work points to an upside resolution to the pattern, the first trigger of which will be a hurdle of 1221.25, on the way to an upside thrust above 1224.25-1225.25 to my optimal target zone of 1228-1230. At this juncture, only a plunge that presses the index below 1216.25 will wreck the pattern.

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