S&P (e-mini ) 16th April 09 recap

"2-day reversal down on Monday and Tuesday....

3rd day UP move on Wednesday normally continues higher on Thursday

5-day 50% levels support (trend guides)

Thursday's highs random resistance"

Premium Report



S&P Weekly and 5-day pattern

As per yesterday's SPI report (read below), there was an expectation of higher prices on Thursday using the 5-day 50% level towards the highs....

• Daily Trading Set-ups & Analysis
• Index Futures SPI, DOW S&P, & Forex
• Subscribe to the Trader Premium
• http://www.datafeeds.com.au/premiumtrader.html