S&P (e-mini ) 30th July 2010 Daily recap

S&P to swing back from 1092 to 1099, which then becomes resistance

Support Friday’s lows @ 1084.50



S&P Weekly and Daily range

Early price action saw the market move up from 1092 during globex hours into 1098 and then a sell down into the daily lows @ 1084.50.

This resulted in a swing back towards 1099, which once again pushed the market down 8.5 points ($425) and then 1092 played it’s supporting role for a higher daily close.

Based on current price action the S&P should begin next week with a 2-day UP move, as long as it remains above 1099





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