S&P (e-mini ) 15 November 2010 Recap

Trend guide 1197.75 and the Weekly 50% level.

Either the market follows a 2-day swing back towards 1214…

Or follows a move down into Monday's lows and 1183

 
                                                         S&P Weekly and daily range.

By the time the cash market opened the S&P was trading above 1197...

 rising precisely 8.5 points and intra-day high on Monday

But then it struggled to remain above the daily 50% level moving back down into the Weekly 50% level.




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