S&P (e-mini ) 9th November 2010 Recap

At the moment I favour a down day back into the previous Weekly highs @ 1201.50, because of Friday’s daily high pattern.

S&P Weekly and Daily range

Tuesday completes the 2nd day reversal pattern towards 1201.50, however the daily range and channels have played a supporting role @ 1207.25

This should be seen as a minor reversal pattern to retest last week's breakout.

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