S&P 500 E-mini futures 23rd August 2011 daily recap

Tuesday's trading is part of a 2-day upward move from the August lows towards the Weekly 50% levels

Random resistance the daily levels.

S&P Weekly and Daily range…

Tuesday has continued upwards, as part of a 2-day reversal pattern, with the daily levels providing support, whilst the upper levels provide some resistance of (8.5 points)…

but those upper daily levels (50% level) were going to eventually going to break and continue upwards.

Trend bias is to continue up towards 1277






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