S&P (e-mini ) 27 JAN 2010 Daily

"Market still trading above the January 50% levels and I have a view that as it gets closer to the end of the week price will trading around the Weekly 50% levels.

My current view remains a tight 5-day range until February begins and the next move from next week.

Weekly lows are seen as support"



S&P Weekly and Daily range.

Sideways price action with a late push down towards the Weekly lows and then buying support has kept the S&P in a tight pattern range this week

As per my view, my expectation is that the S&P will continue to try and make it’s way towards the Weekly 50% level by Friday.



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