S&P (e-mini ) 12th January 2010 Recap

Trend guide on the s&P is channel highs @ 1269.

Trend bias is towards the Monthly & Weekly highs




S&P Weekly and Daily range


Change in the daily cycle on Wednesday provided a more robust set-up for capturing the move towards the highs.

Around the monthly and Weekly highs are seen as resistance.

However, with price trading above the daily highs, there is a possible continuation towards tomorrow's daily highs.





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