S&P (e-mini ) 21 JAN 2010 Daily recap



S&P Weekly and Daily pattern

Break of support and a move down into the Weekly lows.

This was the pattern I expected to happen on Tuesday this week, and I must admit I wasn't expecting it to happen on Thursday.

However, once Obama came out with the news regarding Banks and Hedge funds it was enough to send US markets lower, which has been my original view after reaching the January highs.