S&P (e-mini) 27th July 2011 recap

My view is that US markets have more chance of moving down towards Wednesday’s lows.

Daily lows are seen as random support of 8.5 points

S&P Weekly and Daily Range

 The S&P has continued down without the daily lows providing random support, and moving down into the Weekly lows.

The debt ceiling crisis heavily weighing on markets, with the S&P now trading around critical support levels in the weekly cycle.








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