Critical Juncture

12/11/2008 10:28 am EST

Focus: COMMODITIES

Thomas Aspray

, Professional Trader & Analyst

chart

Despite the confirmed positive divergences from many of the daily technical studies, the market is still at a critical juncture. The hourly chart of the S&P futures shows converging resistance in the 930 area, and if overcome, the futures should reach the 1000-1010 area. A break below support at 830 would be negative.

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