With the expectation that each level can provide resistance of 8.5 to 14 points.
So far 1331 has provided the first 8.5 point reversal
S&P Weekly and Daily range.
S&P has followed the Daily pattern upwards on Wednesday, providing another 8.5 point reversal back down into the trailing channel @ 1329.
Based on the current price action, I would think that the S&P will continue towards the Weekly highs over the next 2-days.
- Daily Trading Set-ups & Analysis
Posts
