S&P (e-mini ) 30 Nov 09 recap

"After last Fridays retest of the Weekly 50% level and Monday opening above the 3- Week 50% level (Green)….

There is a bias to continue towards the December highs

Trend guide 1096

Sunday's Yellow support levels @ 1086 are the trend guides if there is any downside on Monday"


S&P Weekly and 5-day pattern

Monday ends up consolidating around the November highs on the last trading day of the month.

With these levels disappearing and moving higher in December, the expectation is that the S&P will try and make its way towards 1126, which is based on my 4th Quarter target and matching monthly high.






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