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

Without the DOW hitting the Weekly highs, this week might end up a tight 5-day range (Weekly 50% levels Support)

two possible patterns....

1. continues down into Daily lows & swings back into a higher daily close


2. moves upwards from yesterday’s lows (14 points )



S&P Weekly and Daily

S&P didn’t move into the daily lows for an ideal swing trade, instead price moved precisely 14 points upwards from the lows and stalled once again around the Weekly highs..

With the DOW failing to hit the Weekly highs (10963) this week, there seem to be a lagging pattern that can see higher highs on Friday.





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