S&P (e-mini ) 3rd April 09 recap

"S&P has fulfilled my first upside target in April @ 842

There is a breakout of the 5-day high on Thursday, therefore the expectation is to push upwards on Friday.

Ideal pattern would be to test Yellow support and continue upwards:- Higher Friday close"

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S&P Weekly and 5-day pattern

Friday played out precisely, but in any other situation Friday would have continued towards the Friday highs.

This suggests that around these levels @ 842 is forming a resistance zone, so it will be interesting how US markets react early next week.....

Higher Weekly open, already trading around upper Monthly levels in April.

This suggests and a short-term pullback next week towards the Weekly 50% levels.



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