S&P (e-mini ) 7th April 2011 Daily recap.

intra-day support of 8.5 points around 12277-87 (DOW) and 1320-1322 in the S&P.

Matches the weekly levels in both markets



S&P Weekly and Daily range

Wednesday’s highs will often push the market lower on Thursday, and into the daily lows, with a random support pattern of 8.5 points.

The DOW hit those levels, whilst the S&P didn’t reach that support level (low 1322.25) on Thursday, but continues to remain above the Weekly level

Whilst the S&P remains above the support level @ 1322 the trend bias is to move upwards

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