S&P E-Mini Breaks Trend Line
09/01/2009 1:16 pm EST
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.