S&P (e-mini) 21st January 09 recap

"US markets have moved down into the Weekly lows.

Trading plays:- moves down into Yellow Support early with the potential to swing back towards the 5-day 50% level..

If price rising upwards late in the day or after Wednesday has closed, then this could result in a higher daily close"

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S&P Weekly and 5-day pattern

Weekly lows support has played out, confirmed with Wednesday's support and a reversal back towards the 5-day 50% level.

Once Wednesday closed, futures continued higher back towards resistance and a higher daily close.


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