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

The S&P is either going to continue down into Friday's lows...., as part of Thursday's break (support 1283.50)

or it’s going to continue upwards from Thurday’s Support level @ 1293.25 and rise up 14 points... which matches the daily level @ 1305.75.





S&P Weekly and Daily range.

Thursday’s support level @ 1293.25 held, however it had closed below the daily lows, which often suggests that the trend will push lower the next day.

Friday moved down into the following support level @ 1283.50, resulting in a swing back towards the daily 50% level @ 1305.75...

keeping the market above critical support levels for March.

Weekly report out later


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