S&P (e-mini ) 4th March 2011 Daily recap.

Resistance 1340.75

Trend guide 1325.50




S&P Weekly and Daily range.

With Thursday’s price action my view was that the S&P would continue to move up towards Friday’s highs, which matched the Weekly highs, as the next ‘sell’ zone.

Instead, the larger timeframe levels around 1331 continue to stall the market, resulting in Friday moving down and closing in the middle of the range.

Weekly report out later