S&P (E-minis) 5th July 2011 Recap

if the S&P is going to continue higher, then the channel highs @ 1329 come into play (R8.5 low)

S&P Weekly and Daily range.

There is a break and extend pattern in the Weekly range, which has a bias to continue higher in the short-term.

Buying support appeared around the channel highs @ 1329 using an R8.5 low, but the trend failed to continue towards the daily highs.







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