S&P (e-mini ) 9th March 2011 Daily recap.

The market continues to trade below the weekly 50% level, and I still have a view that the market is trying to move down towards the March 50% level.

Based on the current price action (choppy), I would continue to focus on trading the minor range of 8.5 points


S&P Weekly and Daily range.

S&P has remained in a tight trading range, with a number of 8.5 point rotating ranges throughout the day.

S&P continues to be capped under the Weekly 50% level, but it’s not moving down towards lower support levels.


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