S&P (e-mini) 6th February 09 recap

"Expectation US markets going down in February, but with the HOOK pattern over the Weekly 50% level on Thursday (S&P), markets could now end up heading back towards their February 50% levels.

And at this stage (yellow) support could push the S&P back towards Fridays highs (higher Friday close)"

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S&P Weekly and 5-day pattern

Thursday's HOOK pattern over the Weekly 50% level gave a strong indication that prices were going to push higher on Friday, back towards the February's 50% level.

Weekly Report out later....



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