S&P (e-mini) 22nd December 08 recap

"No probability on direction on Monday, trade on the side of the Yellow filter"

Premium Report



S&P Weekly and 5-day pattern

Monday pushed below the Weekly 50% level breaking the 5-day lows, this isn't a good sign the first day of the new week.

However, the late buying after hours on Futures keeps the markets range bound around the Weekly 50% levels and within the 5-day pattern.