Break of Support Points Lower

11/21/2008 9:58 am EST

Focus: FUTURES

Thomas Aspray

, Professional Trader & Analyst

chart

The S&P 500 futures closed below key support Wednesday, completing the continuation pattern on the daily chart. The measured target from this formation is in the 560-600 area. To reverse this negative signal, the market needs to reverse sharply to the upside and have several consecutive higher closes.

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