S&P 500 E-mini 20th September 2011 daily report recap

Tuesday is part of a 2nd day reversal pattern, if below 1187…

Otherwise price can swing back up towards the channel highs

S&P Weekly and Daily range

My view was the Tuesday would continue down after Monday’s trading and selling during globex hours.


However, Tuesday didn’t come to the party, as the price remained within the daily channels.

So instead of the market moving into a 2-day reversal pattern, the market has moved into a 2-day ‘stall’ pattern, resulting in a tightening of the 5-day range….

which will lead to a breakout over the coming days…..









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