S&P (e-mini ) 22nd September 2010 recap

1142-1144 is seen as resistance on the S&P

Random support 1131


S&P Weekly and Daily range

Higher timeframe levels are forming resistance this week:- 1142-44

Early support around 1131 provided a 8.5 rotation upwards…

But then the larger timeframe levels pushed the market back down into a lower daily close

Currently 1126 is supporting the market, which is a similar pattern as the SPI (aussie market) :- 4628

As this stage the current week looks to be moving into a 5-day consolidating pattern around the highs coming into the end of the 3rd Quarter



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