If screen trading the S&P keep an eye on the levels and 8.5 ranges and ‘spiral points"
S&P Weekly and Daily range.
S&P remained below 1118 and formed 4 x 8.5 spiral tops patterns during Wednesday (1 during Globex and 3 during the day session), but failed to reach the Daily lows @ 1096.50
At this stage the expectation remains that price is moving towards the Weekly lows, as the cash market has closed below 1118.
However, that can change during Globex hours if price closes back above 1118
- Daily Trading Set-ups & Analysis
Posts
