S&P (e-mini ) 14 JAN 2010 Daily

"The reversal pattern down from the highs will probably remain above the previous week’s highs @ 1133 and remain supported. That means the trend can continue higher, or for the next 2-days ‘chop’ around these monthly highs within the daily range.

If there’s going to be a reversal pattern, it’s probably going to occur next week not this week"

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US markets remain supported but currently around resistance levels, and at this stage the market is choppy around these highs in January within the daily range.

I’ll have a fair idea if there is going to be a reversal pattern next week by the price action on Friday.






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