20080916 The demise of Merrill Lynch and Lehman Brothers as going concerns, provides the impetus for the collapse of the ES emini S&P 500 futures contracts, ocntinuing from our breakout identified in the last post.

E-mini S&P 500 chart

20080905 Well, we have the ES emini S&P500 futures break to the downside this week. Pattern is playing out. Today's action may only be the start of the retest of the support once broken now becoming resistance.

E-mini S&P 500 chart