Market Analysis for Sep 9th, 2005

My longer term work is "warning" me that this week's strength in general, and the pivot off of yesterday's pullback low at 1235.75 in the e-SPZ could be the beginning of an extremely powerful upmove that has much higher to climb in the upcoming days/weeks. Why? What are the fundamental reasons that will support such a move? Who knows? All I can tell you is that with today's strong action, the potential has greatly increased for a vertical upmove into the end of the year.Have a look at my updated weekly chart analytics of the SPX...

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!