S&P (e-mini ) 24th September 2010 recap

"S&P can remain within the 5-day range and above the weekly level @ 1116.50

Around 1114.75 to 1116.50 provides support and the market swings back towards the daily 50% level and higher

If the market is above the 5-day 50% level then there is a possible move back towards Friday's highs"


S&P Weekly and Daily range

Ideal pattern for Friday didn't pan out:- test support @ 1116.50 and the daily lows for a swing upwards.

Instead price moved above 1128.50 and continue back into the Daily and weekly highs.

Weekly report out later




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