S&P (e-mini ) 23 March 2010 Daily recap

"There are number of patterns that may occur during globex hours & early Tuesday.

1. Continues down from Monday’s highs into the daily 50% level @ 1158 and then follows the trend towards Tuesday’s highs.

2. pushes up early during globex hours and then reverses down from Tuesday’s highs, and continues towards Tuesday’s lows"

S&P Weekly and Daily range…

S&P followed the latter pattern of moving down early, but not down far enough (lows 1159), and then a late rally into Tuesday’s highs.

The late rally has Tuesday currently remaining above 1167.50, which would normally see further rises on Wednesday.

A most likely hit the first Quarter Target highs @ 1177

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