The September S&P futures contract has advanced into the July 6, 2011 projected reversal date. The market began the price advance from a bullish TR pattern that formed between the June 17th and June 23rd reversal dates. The TR pattern has also formed on the downward sloping median line, adding to the pattern confirmation. The market fell short of reaching the upward sloping median line and reaction line. This price action may suggest the market is losing momentum and could begin a corrective pullback to the 1300.00 price level. For more information and trigger prices for this swing trading opportunity, call your representative at Traders Network at 1-800-521-0705 or go to www.tradersnetwork.com to sign up for the TMV Swing Trade report.
