S&P E-mini Futures 16th August 2011 recap

My view remains that the first 3-days of the 3rd week will continue to rise upwards,

Support @ 1184
S&P Weekly and Daily range



S&P moved down from Monday highs into the support levels, providing another 14-point rise, but then a failure to continue towards Tuesday’s highs @ 1215

As you are aware, my view is an upward move that will continue towards the Weekly 50% level and as high as the August lows @ 1245 by Thursday’s open.

However, after Tuesday failing to follow the daily range towards 1215, I’m finding it hard to see that happening.









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