S&P (e-mini ) 11th February 2011 Daily recap.

Either side of 1316 and the trend bias is for Friday to move towards the extreme.

Above 1316 an expectation the S&P is moving towards 1331.




S&P Weekly and daily range.

During globex hours the market was trading below 1316, therefore there was the bias for Friday to move back towards 1304 and the weekly level.

However, the channel lows @ 1310.75 provided support and the springboard for Friday to continue to trend up towards the February highs @ 1331, as described in last week’s report.





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