S&P (e-mini ) 16th September 09 recap

"US markets are continuing higher this week and following the Weekly 50% level rise up towards the September highs.

Resistance on Tuesday's highs, and most likely to continue higher on Wednesday.

No probability that Wednesday’s highs will stop price rising into 1062"



S&P Weekly and 5-day pattern

This week's move towards the September highs @ 1062 has played out after the bounce off the Weekly 50% levels on Monday.

Wednesday was expected to continue higher and comnplete the move @ 1062, and because of the breakout in the 5-day range @ 1054, the trend is expected to continue higher on Thursday.



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