S&P (e-mini ) 6th January 2010 Recap

Thursday’s highs are seen as resistance

Looking for the market to move down towards the daily lows over the next 2-days




S&P Weekly and daily range.

S&P reverses down from Thursday’s highs 8.5 points, but the channel highs @ 1267 form a support zone, and the market once again moves into a consolidation pattern.

Looking at the price action it's likely that the market will probably remain above this week’s highs @ 1263….

And possibly reach the January highs @ 1280 on Friday


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