S&P (e-mini ) 12 Nov 09 recap

"My original view of a 3-day rally and Thursday reversal (sell):- Weekly resistance levels.

Thursday isn’t a BUY day around Yellow support"

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S&P Weekly and 5-day pattern.

Thursday reverses down into the 5-day 50% level, which was my expectation on Wednesday's high.

Friday is now about whether price continues back towards the highs or continues back down into the Weekly 50% levels.

Normally if the latter was going to occur, Thursday would have closed below the 50% levels.




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