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

My view is that this week will move down towards the Weekly levels, and as far as the Monthly 50% level over the next 2-days.

Trend guide 1330.50

S&P Weekly and Daily range

As noted in the Weekly report…

After last week not rising upwards from 1322, and this week opening below the Weekly level @ 1330.50, the trend bias was to rotate back towards lower levels.

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