Wednesday, May 9, 2012

Wednesday Afternoon

After a dip below the lows of yesterday in S&P futures, the bulls are pushing back and are trying to take it green on the day. There was a big volume push in S&P futures up to 1354 just now and it looks like some mild consolidation so far. Intraday volume is already close to 1.5m contract (pretty high)... which would put a high target area of 1360-1365.