S&P (e-mini ) 5 March 2010 recap

"The view is that the S&P is continuing upwards during this Quarter, as it follows the monthly timeframe towards the monthly highs @ 1138 and then higher in February"



S&P monthly and Weekly

S&P completes the move into the monthly highs @ 1138 and will continue higher next week.

March highs will complete a double monthly pattern during this Quarterly cycle, which I would normally view as a high in the first quarter and then look for any higher moves in the 2nd Quarter using support levels (50% levels).

With the view that price is travelling towards the 2nd Quarter highs (yellow)


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