S&P (e-mini ) 2Ist April 09 recap

"US markets reversed down from Friday's highs and part of a 2-day reversal pattern.

SET-UP B:- 837 pushes the market down into Tuesday's 5-day lows, then it wouldn't surprise me to see an UP day on Tuesday from lower support back into the 5-day 50% level"


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S&P Weekly and 5-day pattern


US markets played a 5-day low reversal pattern back above the Weekly 50% levels.

At this stage US markets look range bound with an UP bias.

We should see how well supported US markets are with the Weekly 50% level support on Wednesday