DOW S&P (e-mini) 19th February 09 recap

"Whilst below the Weekly lows the expectation is price is moving down into the February lows:- 7250 & 725

set-up on the US markets and rotating back towards the 5-day 50% level should push upwards from the Yellow support levels.

Weekly lows and 5-day 50% level resistance"
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S&P Weekly and 5-day pattern

S&P didn't move down far enough on Thursday in early trading to trade longs upwards.

And price didn't move higher enough to trade shorts back down into the lows.

Expectation remains that markets are heading down towards their February lows.



DOW Weekly and 5-day pattern

Rise upwards into the Weekly lows, and a push back down as price continues lower towards 7250.

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