S&P 500 E-mini 19th September 2011 Daily report recap

Expectation of a 2-day reversal from Friday's highs

Resistance 1205

Support Weekly 50% level

S&P Weekly and Daily range

Monday was part of a 2-day reversal pattern down from Friday's highs

A robust reversal pattern would have seen the market close below the Weekly 50% level.

However,  Monday has closed upwards, but remaining below the resistance level @ 1205

A Robust 2nd day reversal pattern would need to see further weakness during Globex trading hours and Tuesday selling down from 1188 during cash market hours.











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