S&P Dec Futures - Oct 3, 2012

This is a 60-min chart of S&P futures for December

I can see a well-behaving price channel


See how the mid-line has been acting throughout the upswing


I think 1400-1410 area is of importance and personally would like a spike down to that area for any new long endeavors


For existing longs, I don't think there is much to do for me -- just twiddle the thumbs -- that said, the recent behavior is a bit choppy under the mid-line and that increase the probability of a drop towards the lower parts of the channel -- probability does not mean certainty as we all know ;-)


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