S&P (E-minis) 13th July 2011 Recap

As noted in the Weekly report...below 1325, there is a trend bias to continue down

Based on the levels in the daily range, my view is that the daily 50% levels will act as resistance:- 8.5 to 14 points

S&P Weekly and Daily


S&P rose up into resistance levels, and was pushed down 14 points towards the Weekly 50% level, which is currently supporting the market.

At this stage the Quarterly level @ 1325 is acting as resistance.

if below the Weekly 50% level @ 1304, the trend bias is down towards the Weekly lows.








Posted by