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

"Expectation that US markets are following the same 2-day reversal patterns as the past 2 weeks,

But unless you are short from Friday's highs there isn't a 'short' set-up until Support breaks..."

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S&P Weekly and 5-day pattern

Two day reversal is playing out from Friday's highs, and confirmed with a break of Support on Monday and a move down into Monday's lows.

Price is now back into the Weekly 50% levels, which is a major trend guide for this week...

But at this stage I'm expecting more weakness in the markets.
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