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

"I would normally factor in a 2-day counter-trend move back towards the highs.

Support 1180-1183

Movement 8.5 & 14 points"




S&P Weekly and Daily range

Early support saw a 8.5 point move back towards the daily 50% level.

This resulted in resistance when the cash market opened and a restest of support...(1180-83)

And then a late move upwards 14 points into the close, as part of a short-term counter-trend move using the Weekly 50% levels as support.






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