S&P (e-mini ) 26th April 2011 Daily recap.

Trend guide 1335-37

Above that then 1343-1346 is seen as resistance.
S&P Weekly and Daily range


Price moved above 1335 and has pushed up towards the Weekly highs @ 1343 & stalled (high 1346)


This is the last week of April, and coming into the start of MAY (next week)

Therefore, this week is about whether the trend continues towards the monthly highs, and then towards the MAY highs next week..

Or,

Remains below the Weekly levels, & there's another attempted reversal down towards the Weekly lows later this week.

Unless the market moves back down during globex hours to be trading below 1335-1337, it looks like the market is moving towards the Monthly highs @ 1356






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