S&P (e-mini ) 14th July 2010 recap

"1099.50. is seen as resistance with the expectation that price is heading down.

Needs to drop back below 1094.75 for a pullback towards the Daily 50% level"

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S&P Weekly and Daily Range.

Wednesday has ended up range bound between the Daily 50% levels and 1094.75.

I have the view that yesterday’s highs @ 1099 can lead to further weakness during the 3rd Quarter, but there is nothing to confirm that view just yet other than hitting resistance and stalling. (1 day)

Daily report out later







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