S&P (e-mini ) 25th August 2010 recap

Patterns for today

A:- because there is a breakout of Tuesday's lows I'm looking for the trend to continue down into Wednesday's lows. this can happen from the Spiral Top  @ 1056-58

B:- around 1037.50 becomes random support :- swing pattern 8.5 to 14 points ($700 USD)



S&P Weekly and Daily range

The price action played out perfectly on Wednesday, the only sad part was the top on Wednesday in early trading failed by half a point to (1055.50 high), as this was part of the break and extend pattern from Tuesday’s breakout down into Wednesday’s lows.

The low on Wednesday was 1037.50 providing a 14 point reversal and higher daily close.





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