S&P (e-mini ) 14th September 09 recap

"Last week’s rally into the Weekly highs, and there was an expectation that price would end up back down into the Weekly 50% level.

This week's set-up is a higher Weekly open and a 2-day reversal pattern, and that Reversal pattern is already around Weekly support levels on Monday

5-day 50% level trend guide..."

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S&P Weekly and 5-day pattern

Expectation from last week was a rally into the Weekly highs and a pullback into support.

Sunday's trading sent US markets down opening on the Weekly 50% level support, and now heading towards the Weekly highs, and by the look of it towards the September highs



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