S&P (e-mini ) 8 FEB 2010 Daily recap

"Regardless of Friday’s price action and reversal off the lows, I still feel the S&P needs to complete the move into this week’s lows and monthly levels in February (1015-1020)

The most robust pattern would be to see Monday move upwards and hit the 50% levels, stall and then continue down from Tuesday"

Premium Report



S&P Weekly and Daily range.

Monday found early support during globex hours (yellow) pushing price upwards, but failing to move beyond the 50% level @ 1067

The current price action matches my view of Monday moving upwards hitting the 50% levels and stalling,…

However, I would have preferred Monday to have moved slightly higher into 1078-1082.







  • Daily Trading Set-ups & Analysis
  • Index Futures SPI, DOW S&P, & Forex
  • Subscribe to the Trader Premium
  • http://www.datafeeds.com.au/premiumtrader.html



    • Posted by