Daily Minute with Mike Paulenoff for February 2

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By Mike Paulenoff | Published 02/2/2006 | Futures | Unrated

Daily Minute with Mike Paulenoff for February 2

Entering the final hour of trading, the e-SPH remains within the confines of a sideways trading range between 1271 and 1276, which resides at the lower end of the downmove off of yesterday's high at 1287.50. This argues for a resolution to the downside, into new reaction low ground projected into the 1267-65 target zone.

MJP 02/02/06

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.

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