S&P (e-mini) 20th January 09 recap

"Weekly 50% level rejection and trading below last week's 3-week lows:- expectation to continue down into this week's Weekly lows.

Break of Yellow support on Monday and expectation price will continue down into Yellow support on Tuesday.

Resistance:- 5-day 50% level

There could be some support on Tuesday, but I'm not factoring an UP day simply because of the Weekly sell pattern currently playing out

Either price breaks Tuesday's Yellow support and continues down into Tuesday's lows, which is part of the push down into the Weekly lows"

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S&P 500 Weekly and 5-day pattern

On this great day of Obama's inauguration, and US market's can't even give him an UP day...

US markets follow the probability of continuing down into the Weekly lows, as part of the drive down into January's lows,.....

and then further down into February's lows (read Weekly report)

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