S&P (e-mini) 23rd December 08 recap

"US markets on Monday closed below the Weekly 50% level, therefore the bias is to continue down....

At this stage I favour a trading day trading between the Yellow support and the 5-day 50% level"

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S&P Weekly and 5-day pattern

Early rise off the lows on Monday back into the 5-day 50% level and the continuation down into the Yellow support level.

After hour futures trading has broken support (Yellow)....


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