S&P (e-mini ) 28th March 2011 Daily recap.

Blue channel highs will define whether the trend moves upwards, or possibly rotates down towards the channel lows.

Trend guide @ 1307.50

Resistance 1320



S&P Weekly and Daily range.

There were two patterns that I was looking for today using 1307.50…

#1 a push upwards into the daily highs and Weekly level (resistance) and then a lower daily close…

#2 a move down towards the channel lows @ 1291, matched with the Weekly 50% level.

Late selling after the cash market closed has pushed the S&P lower





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