S&P500 E-mini futures 2nd September 2011 daily recap

After yesterday's price action, September has all the hallmarks of moving towards the Sept lows over the coming 10-days.

Simply trade on the side of the daily 50% level with downside target Friday’s lows (first target 14 points).


S&P Weekly and Daily range.


After Thursday's price action, Friday provided an ideal set-up to capture the September's monthly rejection.

The Daily close below the Weekly level and along with the shift in the daily channels, help set-up a high probability short trade. (first target 14 points...

And then the trend followed the daily range towards Friday's lows


Weekly report out later.















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