S&P (e-mini ) 4th November 2010 Recap

Federal reserve came out late yesterday with an announcement that they are printing $600 Billion to stimulate the economy.

In the short-term this might give the market extra reason to push the trend towards November’s highs @ 1217.50 by Friday


S&P Weekly and Daily range.

Either Thursday’s highs was going to stall the trend from rising @ 1202..

Or it was inevitable and that the monthly dynamics was going to take precedence and continue towards the November highs by Friday, helped by Wednesday’s close above the Weekly highs...

And also the Fed printing money.





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