S&P (E-minis) 14th July 2011 Recap

whilst the S&P is below 1325 the trend bias is to continue down.

Trend bias is based on the channel lows @ 1312.50

S&P Weekly and Daily range

A few good news reports came out early on Thursday pushing the S&P upwards from the Weekly 50% level.

However, the levels around 1325 continue to resist the trend from rising.

The price action is now 'caught' between two higher timeframe levels :- Weekly 50% level and the 3rd quarterly level @ 1325.






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