E-Mini S&P Futures 1342.25 "date complete" now what?

E-Mini S&P 500 Futures

With the objective of 1342.25 complete Click Here, now the markets can relief bounce. The market was wanting this level to complete for close to a week now and wasn't going to stop the selling pressure until it did so. The big money traders/smart traders have been short and are going to cover into this area as you can see from Friday November 16th, 2012 this was exactly the case. Also Apple squeezed out it's May 18th low of 522.18, which I anticipated that the selling pressure would not subside until it doing so, Click Here With Apple taking May 18th, lows out smart money traders who were short this stock covered on a break of those lows and a squeeze to the upside should be present in the coming days/weeks, in result propping up the Nasdaq and giving a lift to the overall sentiment in the market i.e. SPX and DJIA. At this point in the game the E-Mini S&P 500 Futures should see firm resistance on a releif bounce in the range of 1393.00 -1394.50 and major resistance for the week at 1431.50 Click Here where new (short money capitol) will be put to work. That's the short term expectation over the next week. IF these levels trade in the very near future I anticipate sellers to be present and for the futures to rollover and re-test and break the 1340.00 level. Note: my longer term thoughts on the market is for an ultimate test of the June 2012 lows of 1262.00 and for the E-Mini Futures to not stop selling until this level is squeezed out and we fill the New Years gap at 1252.50. To read my article S&P 500 Multi-Year Correction Expected Click Here.  Note: the reaction seen as the market entered the "Wop" sell window and my expectation of where the market was headed after seeing the rejection Click Here and Here. Also see that the 30 Year bond Diamond post  is making its move as expected and now attacking upside breakout levels.