S&P E-Mini Breaks Trend Line

09/01/2009 1:16 pm EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

chart
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The September S&P 500 E-mini futures are currently trading below the short-term daily uptrend as stocks reversed to the downside just before lunch. A daily close below the uptrend will indicate a test of stronger support in the 975 area (dashed line). The longer-term daily uptrend is in the 950 area. Resistance now at 1010-15.

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