S&P (e-mini) DOW 21st July 2008 Recap

"Intraday bias is to trade on the side of the Yellow channels.

Trading below the Yellow channel the expectation is a pullback into the 5-day 50% levels.

Therefore if below the yellow channels the bias is the trade down, verify support, and then trade 'longs' from a lower open tomorrow."

Yesterday's Premium Report



S&P Daily and 5-day pattern

Reversal down towards the 5-day 50% level on Monday, and looking to trade longs on Tuesday.

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