S&P (e-mini ) 22nd November 2010 Recap

1206 is the 3-day cycle high, which can often result in resistance:- support 1194

 

                                                    S&P Weekly and Daily range

The 3-day cycle @ 1206 pushed the market down  but the channel highs and 1194 failed to support the market on Monday.

Further weakness on Monday towards the Channel lows and more consolidation.

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