S&P 500 E-mini futures 4th October 2011 Daily recap

Trend guide and resistance @ yellow level @ 1091.75 (14 points +)

Breakout of Monday's lows should continue down into Tuesday's lows (Random support @ 1068).

I haven't factored an UP day, but it could retest the Monday's lows  @ 1102-1104  if price rises up from Tuesday's lows @ 1068



S&P Weekly and Daily
Monday closed below the Weekly lows, along with a break and extend pattern set-up in the Daily range.

1091.75 help set-up another move downward (14 points +)…towards Tuesday lows ;- break, extend, &  thenreversal.

I hadn’t factored an up day until the market completed the move down into Tuesday’s lows…

and those daily lows @ 1068 (precise low) provided an ideal swing trade of another
14- points + that has seen more short-term gains towards Monday’s lows @ 1102-1104, as part of retesting Monday's breakout



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