Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Re: S&P teetering on the brink of doom!? *PIC*

On closer inspection the Dec Emini continues to trade 'inside' its one month pattern and hasn't broken down as the channel lines show. Proof of more upside would need to see the downtrendline and 1200 cleared to suggest a run to 1230 resistance. As before a close below the lower uptrendline at 1120 would be very bearish and would be a breakdown of this one month pattern.