S&P (e-mini ) 14th January 2010 Recap


There are two possible patterns before the CASH market opens...

#1 opens below 1280 and moves down (below Monthly and Weekly highs)

#2 continue up towards Friday's highs (Resistance @ 1291.75)



S&P Weekly and Daily range

S&P moved down into support in the daily range, and then continued towards Friday's highs.

There is a possible continuation towards next week's highs @ 1295, and then complete the move into the 2011 highs @ 1300.

However, my trend guide next week is going to be 1291.75.

if below I'm treating the S&P as part of a 2-day reversal pattern towards trailing Weekly levels @ 1277



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