S&P (e-mini ) 18th August 2010 recap

"The price action suggests a rise upwards today using the daily 50% level and 1084.75 as support:- minimum move 8.5 points ($425 USD)

1098.50 is the critical level during the 3rd Quarter in the S&P 500"




S&P Weekly and daily range

Support and rise upwards hitting 1098.50 and being sold down once again.

Current price action is still trading above 1084.75, but I’d keep an eye on globex trading, because below the daily 50% level on Thursday price is likely to be sold down .





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