S&P (e-mini ) 5th August 2010 recap

1132 resistance and I would like to see the market move down into 1118 as a first target area.



S&P Weekly and Daily range.

Price didn’t move up into Thursday’s highs, instead it moved down into 1118 and found support

S&P continues to hug the Weekly highs without providing a reversal pattern and as mentioned a couple of days ago, this week could end up with a higher Friday close and a continuation of the trend upwards in the 3rd Quarter

That will depend on the market’s reaction to the Jobs data out tonight




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