S&P (e-mini ) 19th October 2010 recap

"My view is for the market to go down, but Tuesday needs to be trading below the daily 50% levels and breaking out of the 5-day lows"



S&P Weekly and Daily range

My view has been for the S&P to reverse down once price hit 1182, as per weekly report.

However, I would have preferred Tuesday to be breaking out of the daily lows, and not find support around the daily lows.

Whilst price is below 1166 at this stage the trend bias is to move lower






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