S&P 500 e-mini futures 21st September 2011 Daily recap

two resistance levels # 1205.50 & 1216-18

and below the daily 50% level will likely put pressure on the market, as the 5-day range tightens up.


S&P Weekly and Daily range

As per Weekly report, I was looking for a potential breakout of the 5-day lows on Tuesday.


The break of those lows came in 1 day later, as price moved below the daily 50% level, and helped by the tightening of the 5-day range.

Short-term, price should continue down into the Weekly lows (random support)....

as part of a move towards the September lows



















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