With about two hours remaining in today's session, the S&P e-mini appears to be following the script from earlier today, as it resumes its incomplete downside correction off of Tueday's high at 1282.50.  A break below this morning's low at 1261.50 should trigger downside acceleration to the 1255-50 target zone.

MJP 12/8/05

Mike Paulenoff is a 25-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his E-mini S&P and QQQQ technical analysis and trading alerts. For more of Mike Paulenoff, sign up for a FREE 30-Day Trial to his E-Mini/Index Futures diary, or try his QQQ Trading Diary.