S&P (e-mini ) 19 FEB 2010 Daily recap

"As per expectation, I think US markets will continue higher next week, however my preferred pattern would be the see price come down and retest support levels.

There are two possible patterns today based on current market dynamics…

1. continues into a higher high on Friday using the Yellow support levels

2. moves down on Friday and retests the breakout from Tuesday"



S&P Weekly and Daily range

S&P follows a higher Friday close and with the expectation that price will continue higher into next week's highs.

However, I'm still looking for a short-term reversal into support levels.

Weekly report out now


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