S&P (e-mini ) 28th October 2010 recap

Whilst above 1178.50 the trend bias is a random pattern of 4.25 to 8.5 points.

Thursday's highs are seen as resistance 1189.50 to 1193, which may result in another consolidating trading day.


S&P Weekly and daily range.

Early rise upwards of 8.5 points but then another consolidating trading day as the market remains under the major resistance level of 1182.

I wasn’t expecting another ‘ trending down day’, because of Wednesday’s daily close back above 1177.

There is 1 day left until a shift in the October high resistance levels.



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