S&P 500 e-mini futures 27th September 2011 recap

Tuesday's levels in the daily range favours an UP day, but I'm not sure price will continue as high as the daily highs:- which match the Weekly highs (resistance)


Support:- 1155 & 1144

S&P Weekly and Daily cycles.

As noted in Monday’s report….

the DOW finding support last Friday around it's single monthly low (red), it has more reason to rise upwards in the last week of the current month, and move back towards the Weekly highs.

The S&P doesn’t have that exact same support pattern, but it looks to be following the same price action of moving up towards the Weekly highs/ new monthly 50% level in October.


Posted by