S&P (e-mini ) 7th October 2010 recap

There are a two of possible patterns on Thursday

A. Moves up into 1163-65 and then reverses down into the daily 50% @ 1144-49


B. Moves down into the daily 50% leveland then continues towards the daily highs late in the day and then 1174 by Friday



S&P Weekly and daily.

Early resistance has seen the S&P move down into support levels.

And now Set-up B is in motion, and my view is that Friday will try and push towards higher highs



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