DOW & S&P 500 15th April 2010 recap

"There are currently daily high breakout patterns in both markets, which should push both the DOW and S&P higher on Thursday

DOW shouldn’t move beyond the highs @ 11108, and S&P shouldn’t move beyond 1210

However, Thursday can often remain flat, trading between the highs and the daily 50% level"



DOW S&P Daily range

Thursday has continued upwards and both markets haven’t remained below both upper levels, but without a reversal back towards the Daily 50% level during market hours.

If price continues lower during globex hours, then I’ll keep an eye on for Friday to continue lower towards the daily lows.

Thursday’s price action has completed the break and extend pattern for the DOW into April's highs @ 11082






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