20061117 Buyers stepped into lower levels to push the ES back up, to form a 'shooting star' candlestick pattern. A break below the low of today's pattern indicates a short trade for reversal. It is interesting how many commentators, news, TV stations etc are conjecturing on the stock market's rise, citing reasons such as soft landing, interest rate cut speculation. But all these are hype and noise. The reason for the stocks' rise are due to money flowing from the speculative funds that exited the commodities markets into the stock markets. 

E-mini S&P 500 chart