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

S&P Weekly and 5-day pattern

After Wednesday's UP move and close above the 5-day 50% level...

The bias was to continue upwards on Thursday:- random length.

Price remains below the August highs, but it will be Friday close once again that will determine a breakout or another higher Weekly sell pattern, using Friday's support levels.



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