S&P (e-mini ) 10th August 2010 recap

Trend bias upwards for the first 2-days this week, however the channels on Tuesday aren’t allowing for the market to move towards the Weekly highs.

Below 1116 and support @ 1110-1112.



S&P Weekly and Daily range.

Tuesday moved down into support levels and then rotated back towards the highs and into another consolidation pattern.

My view this week was a continuation of the trend upwards in the first 2 days towards the Weekly highs, however the first two days have consolidated into a ‘choppy’ pattern.

Based on the price action in the first two days, the next 3 days could end up very similar





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