S&P (e-mini ) 24th January 2010 Recap

Monday looks range bound between channels in the 5-day range (S&P), which mirrors the levels in the Weekly range @ 1290



S&P Weekly and Daily range

Resistance around the channel highs on Monday, but a failure to push back down into the Weekly 50% level.

Trend guide remains @ 1290 (resistance)

However, the daily range on Tuesday changes, and this can result in tomorrow moving higher.

if above 1290, then it's likely that the S&P will try a move towards the 2011 highs @ 1300.

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