S&P (e-mini ) 5th November 2010 Recap

Break and extend pattern from Thursday is likely to continue towards Friday’s highs:- resistance.


The market can continue upwards into Friday's highs, which if it stalls at those highs, then there is an expectation that next week will begin with a 2-day reversal pattern back down to retest last week’s breakout pattern.

S&P Weekly and Daily range

S&P moved slowly up towards the highs on Friday and stalled.

The Market can easily continue to move up towards next week's highs, but in the short-term I would like to see a minor corrective move to retest the Weekly breakout and 1201.25





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