S&P (e-mini ) 10th MAY 2011 Daily recap

Whilst the S&P continues to remain above 1331, and also the Weekly 50% level the upward trend remains stable.


S&P Weekly & Daily range.

S&P has continued up into the daily highs, and likely to move into the Weekly level @ 1361.75 on Wednesday

However, using the channels in the daily range, I didn’t know whether the trend would reach the daily highs, or there was going to be another choppy trading day like yesterday.

It wasn’t until the market began to consolidate above 1347, was there more buying into the highs




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