S&P (e-mini ) 6th October 2010 recap

Resistance levels @ 1157 and 1163-5

Support 1144-48



                                             S&P Weekly and Daily range.

Weekly highs @ 1157 continued to resist the trend from rising but only providing a 8.5 point reversal and ‘lower daily close’

Based on Tuesday’s breakout my expectation was that price would move up into Wednesday’s highs providing a better ‘short’ trade back towards the support levels, but that didn’t eventuate.




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