S&P (e-mini ) 24 March 2010 Daily recap

S&P Weekly and Daily range

Same set-up on Wednesday as Tuesday based on 2 patterns…

Two patterns that can occur on Wednesday...

#1 Continues down into the 50% level @ 1162 (8.5 points down) and completes the move into the highs.

#2 Market continues upwards on Wednesday and then reverses down from resistance levels into 1158

First pattern occcured with a move downward, but a failure to push up into the highs, resulting in a flat trading day and market rotations of 4.25 points.



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