S&P (e-mini ) 20th August 2010 recap

"Yesterday saw the market move down into Thursday’s lows and likely to move down into the daily and Weekly lows on Friday

Early resistance 1076-78

Random support 1063"



S&P Weekly and Daily range

Bearish pattern continued down this week from the failure to break 1098.50 and to the breakout of 1084.75 on Thursday and price followed the market model to the letter.

Friday provided a nice little earner on the downside using resistance levels…

And the Weekly lows provided an 8.5 reversal off support.

Weekly report out later





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