S&P (E-minis) 23rd June 2011 Recap

Today's trading is simply based on the channels in the 5-day range

below 1278 the market is moving lower

Above and the market is trying to move upwards:- random length (8.5 points)




S&P Weekly and Daily range.

Market moved lower from 1278 retesting the June lows, which once again provided support

Once above 1268.50, the trend bias was to move back towards the highs, rising from 1278 R8.5 points precisely.

After last night's price action, I'd be surprised to see Friday below 1268.50


Posted by