Friday AM March S&P Emini (ESH0) Overnight Rally Called By Benzinga!!!

Overnight rally called by Benzinga. During the late afternoon session yesterday, benzinga.com encouraged readers to be bullish the March S&P Emini contract overnight if there was activity above the 1148.00 level. As of 8:15am CST the contract is trading at 1154.50 with an overnight high posted at 1159.50.

"Posted on 03/11/10 at 3:53pm by Mortimer Duke Watch the S&P Emini (ESH0) into Thursday's close as the contract makes a late afternoon run at its 1-1/2 year high at 1148.00. A settlement above this level would shift the intermediate term trend to strong buy.

If you are inclined to do so watch the S&P Emini (ESH0) during the night session as the market tends to move slower duirng that period. Some of the novice traders could have some fun as they watch (ESH0) during a less active period, have time to react and make some money in the mean time. This rally looks like it might occur overnight."