S&P (e-mini ) 30th Dec 09 recap

"Whenever Monday and Tuesday stall around their highs and reverse down into the 5-day 50% level, often Wednesday moves into a trending day upwards"

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S&P Weekly and 5-day pattern

Even though price is trading around the higher timeframe resistance levels (1126-1128), the price action in the first 2 days often suggests that Wednesday will close higher, and often with a breakout of the Wednesday highs:- trending day

Normally price wouldn't push down as far or break 'yellow' support.

Maybe that Trending day upwards might continue in after hours trading.

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