S&P (e-mini) DOW 25th Sept 08 Recap

"There's not much more I can say than what I've already said in the past few days.

Trade on the side of support, & 50% level resistance."

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S&P Daily and 5-day pattern

US markets rise up from support into the 50% level, which forms resistance.

US markets are forming a support based above the September lows, and any new UP trend needs to be verified with the movement above the October 50% level.

So I'm expecting more sideways price action until the end of this month.

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