S&P (e-mini ) 13th October 09 recap

Bias is to rise upwards in October, and Price is trading above last week’s highs, therefore the bias is to follow the trend higher towards the October highs over the next 2 weeks.

Tuesday's highs random resistance

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S&P Weekly and 5-day pattern

Early push down into the 5-day 50% level on Tuesday and a move back towards the 5-day highs and random resistance.



As per Weekly report there was an expectation that price will push upwards over monday and Tuesday this week

At this stage it's simply short-term range trading until the end of this week using the levels in the 5-day range.

However, I don't have a probability 2-day pattern set-up for the rest of this week


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