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

market can remain range bound in the middle of the blue channels, as 1182 acts as resistance.

S&P Weekly and Daily range

 
1179.75 acted as resistance for most of the day until late, when after the cash market had closed futures buying after pushed the the price above the channel high

A very slow trading day, as the market continues to remain trading below the higher timeframe resistance level 1182.



Weekly report out later.






Posted by