S&P (e-mini ) 12th August 2010 recap

Resistance 1094-1097

Support 1062-67.

Trend guide 1078.





S&P Weekly and daily range.



My ideal pattern was a rise upwards from yesterday’s lows @ 1074-78 and swing into resistance levels (1 day counter trend move) and then a continuation lower either today or from Friday (higher daily open) to complete the break and extend pattern into the Daily and Weekly lows.

Instead Thursday remained range bound without reaching support or resistance levels with the price action moving double R8.5 points on the upside and double R8.5 points on the downside