S&P (e-mini) DOW 22nd July 2008 Recap

"Trading above the Weekly 50% level, and expectation is the US markets are moving higher.

Break of the yellow channel on Monday, and expectation is that price is pushing back down into the Yellow channels on Tuesdayand then continuing higher towards the 5-day highs..."

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S&P Daily and 5-day pattern

Picture tells the story on Tuesday, following the precise pattern of continuing higher towards the 5-day highs.


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