S&P 500 e-mini 9th December 2011 Daily recap

The red filter @ 1229.50 could form support @ 7pm and push markets upwards

5-day 50% level & Weekly level 1246-1249 resistance early in the day, but Random resistance if price is rising up from precise Friday lows.

S&P Weekly and Daily Range…

 Early move down into 7pm (Sydney Time) saw price swing back upwards from the red filter @ 1229.50 (8.5 points) towards the resistance levels. (Channel lows 1246 & Weekly level @ 1249)

1246/49 formed resistance early in the day…for a number of hours(another 8.5 points)

but as time wore on, Friday’s resistance levels failed to hold, as positive news came out in regards to the Euro zone.

Weekly Report out later.



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