S&P (e-mini) 3rd November 08 recap

"This is a higher Weekly open, which more often than not will reverse 2-days, and if US markets are going to continue higher then price should rise up from the 5-day 50% levels.

Last Week I was bullish because of the Weekly hook pattern, which pushes price higher into Friday.

This week there is a higher Weekly open, so i'm looking for a stalling pattern over 2-days:- therefore trading longs below Yellow daily support is open to Risk"

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