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

"On Friday there was an expectation of higher prices using support, but on Monday this is less so because it’s now a higher Weekly open with the expectation price would reverse back 2-days into the 5-day 50% level

Whilst price is above support then it’s going higher.

Below support and it’s part of a pullback into the 5-day 50% level"

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S&P Weekly 5-day pattern

US markets trading around upper resistance with a higher Weekly open on Monday

And once price started trading below Support, price moved down into the 5-day 50% level.





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