S&P (e-mini ) 24 November 2010 Recap

At this stage the market can continue to remain below the channel
lows and the 5-day 50% level and move towards the Daily lows once again.

Support Weekly and Daily lows @ 1171.




S&P Weekly and Daily range.

I was looking for the S&P to continue down into the Daily and Weekly lows before a swing upwards.

Instead the Weekly level @ 1178.75 continues to support the S&P 500 resulting in a daily close above the 50% levels in the daily range on Wednesday.

Note:- S&P continues to consolidate around 1182, which is the trend guide and critical support level for the 4th Quarter, As per Weekly report








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