S&P (E-minis) 6th July 2011 Recap

Trend bias is to continue towards the Weekly highs @ 1350

Daily bias is defined by the channel high @ 1335

resistance levels around Wednesday's highs @ 1346.50

 

S&P Weekly and daily range

S&P remains in an upward trend, as it tries to move towards the Weekly highs @ 1350

However, the S&P moved inside the daily channel @ 1335 and completed a R14 spiral low.

Unless the S&P closes below 1325, helped by a 5-day low breakout, the upward trend remains stable, with random resistance levels in the daily range




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