S&P E-Mini Future Breaks Out During Obama State of Union (Live Chart Action During Speech)
1/27/2010 11:36:00 PM
Below, watch the E-mini S&P 500 March Future break through ceiling resistance levels at various time frames. ESH10 is heading towards the 50 day moving average resistance level of 1,110. As I write it is trading at 1,103. It's interesting that the USDX (US Dollar Index) and $SSEC (China Shanghai Composite) pierced through their 200dmas on the upside and downside respectively (h/t Bespoke). Judgment day is near for the risk trade imo. I took a screen shot of an OptionsXpress Flexchart during Obama's State of the Union address (full speech video). Next time I'll play some Marilyn Manson for you loud in the background.