S&P (e-mini ) 1st December 2010 Recap


Trend guide 1180.

Whilst below the trend bias is down into the Weekly and Daily lows

Above and potential swing back towards 1194.



S&P Weekly and Daily range.

I wasn’t expecting Wednesday to move into large trending day upwards, especially a breakout of the daily highs @ 1198 without the market testing the 3-week lows first.

Instead the previous monthly high in October @ 1174 continued to support the market during November.

The rest of the week is likely to remain above the Weekly 50% level and continue towards the Weekly highs… with an upward bias towards the December highs




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