S&P (e-mini ) 19th August 2010 recap

"Keep an eye on price trading below 1084.75 on Thursday for a delayed sell off.

I'm bearish After a 2-day failure to break 1098.50, with a view of moving into a lower Weekly close by Friday"




S&P Weekly and Daily range

Thursday's continuation of the downtrend had to be verified with a break of 1084.75.

Expectation that the trend is moving lower on Friday



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