S&P (e-mini ) 9th September 2010 recap

Wednesday has closed above 1094.50.

Trend guide 1094.50- 1096.50

No probability on whether there’s a breakout out of the highs or it provides resistance.



S&P Weekly and Daily range.

Expectation that Thursday would continue higher, helped by the daily 50% level and price trading back above 1094.50.

However, once it reached the daily highs it was an each way bet on whether there would be resistance or continue towards the Weekly highs.

The end result was minor resistance within a trend that’s trying to move higher this week




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