S&P (e-mini ) 31st August 09 recap

"5-day lows matches the Weekly 50% levels, and also the August highs, so there is a lot of support around these levels" (2-day support)

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S&P Weekly and 5-day pattern


higher Weekly open and the expectation that there is a 2-day stall above support levels.

A monthly close above August highs and there is an expectation that price can continue towards September's highs.

If there is going to be a higher move this week it can come from Wednesday onwards....

However, I would like to see Tuesday hold support as part of the 2nd day stall.


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