some are looking at the futures, and some at the index. When you take that into account there is agreement.
increasenow, I am in agreance with you. The 200 SMA is huge at this juncture. It's been tested 3 times in the last 4 sessions, and no close above. We'll just have to see what happens here. The Fed probably sees this, just like he noticed the march 18th retest of the jan lows, and decided to put a floor in this market. Hell, the way things are going, we might get ourselves a 200bp cut tomorrow morning just to break through this puppy.
thanks for the posts...NEW ES (futures) MA's as of 11:05PMEST tues 5/20/08: 5-Days 1422.90 20-Days 1406.10 50-Days 1370.51 100-Days 1370.31 200-Days 1443.96 Year to Date 1366.85