S&P (e-mini ) 12th April 2011 Daily recap.

Monday breakout, therefore there's the expectation that the trend will continue down towards Tuesday's lows: - break and extend

Tuesday's lows, which matches the monthly 50% levels:- Support & a potential higher daily close (daily 50% level).

S&P Weekly and Daily range…


Tuesday’s low support and a 8.5 point rise failed to continue up 14 points towards the Daily 50% level.

Tuesday is now trading below the Weekly 50% level, but continues to remain above the critical support levels @ 1300-1304









Posted by