S&P 500 e-mini futures 23rd September 2011 Daily recap

text book pattern will follow the breakout of the Weekly and daily lows and continue down into Friday's lows (random support)

 

S&P Weekly and Daily range

Thursday's close below the Weekly lows was seen as a breakout, which would often act as resistance.

This pushed price down towards Friday's lows....

with the expectation the trend is moving down into the September lows

Weekly report out later

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