For today's Mid-Day Minute, Mike writes:  The downslanted coil-type pattern carved out this week in the E-mini June S&P continues, as we approach the final two hours of trading for today.  The demarcation lines have been drawn: 1140 on the low side juxtaposed against 1153 on the high side.  Whichever side of the range is violated into the 20-40 minutes of trading likely will trigger follow-through in the direction of the breakout into Monday morning.

MJP 04/29/05 1:30 PM ET 1148.50

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.