Market Analysis for Sep 10th, 2004

For today's Mid-Day Minute, Mike writes: The big picture of the E-mini S&P continues to point to a run at the top of the Mar-Sept channel, which will mean that the index climbs into the 1130-35 area prior to the completion of the rally off of the Aug 12 low at 1060. At this juncture, my hourly chart work is warning me that only a sustained break below 1113.75 will trigger a bout of weakness into the 1100 support area prior to another rally attempt to the top of the six-month channel. For now we expect a pop to the upside unless 1113.75 is violated.

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