S&P (e-mini ) 25th October 2010 recap


Daily and Weekly highs are seen as resistance

Random support the Daily channel @ 1182.50 and Weekly levels 1177

 


S&P Weekly and Daily range

Normally when Monday continues to trend upwards during Globex hours before the cash market opens, treat the Daily and weekly highs as resistance for a sell pattern back down into the trailing support levels.

At this stage 1182 that was acting as resistance last week, is currently supporting today’s reversal pattern





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