S&P 500 Emini Futures 15th August 2011 recap

As per weekly report, my view is that US markets are moving upwards for the first 3-days

Monday’s highs random resistance.

S&P Weekly and daily range.



Monday’s intra-day support @ 1180 provided the perfect platform for the S&P to continue to move upwards (8.5 to 14 points)…

And then complete the move into Monday highs in the 2nd half of the day.

Personally, I thought there was going to be more upside on Monday, with price breaking out of the daily highs and then extending upwards on Tuesday.

However, Tuesday is still viewed as part of a continuation of the 3rd Week upward move....












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