S&P (e-mini ) 9th MAY 2011 Daily recap

Based on last week's price action, and today's price action (rising up from the Weekly 50% level)...

the trend bias is to move towards the upper Weekly levels

However, Monday can remain within the blue channels and consolidate until Tuesday.




S&P Weekly and Daily range

Weekly 50% level support, and Monday remained within a tight 8.5 range









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