S&P 500 E-mini futures 11th augst 2011 recap

5-day 50% level the trend guide

Resistance channel highs @ 1179

Support channel lows @ 1113.50, which align with August lows

S&P Weekly and Daily



Another higher daily open and sell-down from the 5-day 50% level into the channel lows, whilst the channel highs provided the ideal resistance zone.

S&P remains volatile, as the market continues to consolidate within the daily channels, whilst the August lows @ 1115 continues to support the current trend.














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