S&P (e-mini) 2nd July 2010 Daily recap

breakout of the Weekly lows @ 1037.75 may resist the trend from rising higher this week, and then continue with the downward trend into next week’s lows:- break and extend pattern

Friday continues up towards the daily 50% level @ 1037.75 but struggles to rise higher as price is trading below the Weekly lows.

If this occurs this can set up a move down towards next week’s lows.



S&P Weekly and Daily range

Didn't rise up high enough into the Daily 50% level, but the pattern of continuing down into next week's lows and the July lows is still part of the expectation


Posted by