S&P (e-mini ) 30th August 2010 recap

My view is to continue down during the 3rd quarter…

However, based on the Daily and Weekly levels, the trading range for Monday is 1056-1079


S&P Weekly and Daily range.

Larger trend patterns continue to push the S&P lower, however based on the price action from Friday I would have liked to have seen the S&P hit the daily highs first before breaking support.

Support around the daily level of 1059-61 provided a 4.25 move but failed to provide the usual 8.5 range.





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