S&P Futures Test Resistance

08/26/2009 9:17 am EST

Focus: COMMODITIES

Thomas Aspray

, Professional Trader & Analyst

chart
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The September E-mini S&P futures tested the upper trend line resistance at 1035-38 on Monday and Tuesday, but so far, have not been able to move through it. There is short-term support now at 1018-1020 and then in the 1000-1005 area. The key support on the daily chart (dashed line) is in the 975 area.

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