S&P 500 e-mini futures 19th October 2011 Daily recap

Today’s trading is based on using the levels... as the market could remain within the blue channels in the daily range (choppy/consolidating trading day)
 S&P Weekly and Daily range.

Early rise into 1226 and the upper blue channel, and then a reversal down.

Helped by a 4.25 spiral top under the daily 50% level @ 1211.25 , for more weakness towards the channel lows

Resulting in a consolidating trading day within the blue channels.



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