S&P (e-mini ) 29th April 2011 Daily recap.

If it’s going to reverse down, then I would like to see a 5-day high pattern on Friday and a reversal down, starting from next week:- 2-day reversal pattern.

S&P Weekly and Daily range

The S&P has continued with the breakout of the Weekly highs and moved towards higher highs by Friday.

Expectation that the breakout will normally continue upwards into next week/month highs in MAY…

Any short-term weakness early next (daily pattern) will be towards the Weekly level and a retest of this week’s breakout @ 1343-1346





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