S&P (e-mini) DOW 26 August 2008 Recap

"Break of Weekly 50% level on Monday and heading down into Tuesday's lows

Ideal set-up is a rejection pattern down from the 50% level and into Tueday's lows.... Support Tuesday's 5-day lows"


Morning Report



S&P Daily

S&P and US markets moved back into the 50% level, with sellers appearing but not driving Price down into Tuesday's lows.

2-day swing traders From Monday's break would exit, which sets up an interesting Wednesday.

A break of Wednesday's support would see trend continue lower this week towards the Weekly lows.

  • Daily Trading Set-ups & Analysis
  • Index Futures SPI, DOW S&P, & Forex
  • Subscribe to the Trader Premium
  • http://www.datafeeds.com.au/premiumtrader.html



  •