S&P 500 7th MAY 2010 daily recap

"Friday' 50% level is the trend guide and based on Thursday's breakout would normally continue down into Friday' lows.

However, the Yellow levels could end up supporting Friday"



S&P Weekly and Daily Range

There is a breakout of the Weekly lows and I would have to favour a retest of next week's lows using the Weekly 50% level as resistance:- break and extend pattern down.

1097 ended up supporting Friday , and the Weekly 50% level is the trend guide (resistance) for next week.





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