S&P (e-mini ) 10 FEB 2010 Daily

"Tuesday completed the 2-day UP move into resistance levels, with a precise top in the DOW.

My view was a retest of these levels and a push back down towards the February lows this week

Note:- the Yellow filter is in the wrong position have a clear cut move downward on Wednesday"




S&P Weekly and daily range

Consolidating trading day, with Yellow filter supporting the market on Wednesday.

I still have a view of the market heading lower, as long as it remains below the 50% levels in the Weekly timeframe.