S&P (e-mini ) 16 Nov 09 recap

"I have an expectation of higher moves in both the DOW and S&P...

And as seen in the DOW, price is above the November highs and there's a Weekly close above the Weekly highs:- break and extend pattern towards this week’s highs"


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S&P Weekly and 5-day pattern

US markets continue to move higher and following the Weekly dynamics, after last week’s 2-day reversal on Thursday and Friday’s support.

There was a random pattern around Monday’s highs, which might have seen a pushed price back down into the 5-day 50% level, but it wasn’t a probability pattern on Monday because of the shifting Weekly dynamics….








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