S&P (e-mini ) 15th July 2010 Daily recap

"I'm bearish on the S&P once price has reached 1099, but there is nothing at this stage that suggests a continuation of the down trend unless it’s trading below the daily 50% level"



S&P Weekly and daily range

S&P continues to hit resistance levels around 1099, and this sent Thursday lower and below the Daily 50% level, but it didn’t remain below that level for very long.

Currently the market remains trapped between a number of key higher timeframe levels in the S&P 500:- 1099 and 1079 (July 50% level), as shown in the Weekly report.

Daily report out later





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