S&P Weekly and Daily range.
Early resistance @ 1256.25 pushed the S&P down into the lower channel @ 1250.50, which was 8.5 points from Wednesday’s highs.
The down move didn’t continue, and once price was back above the 5-day 50% level, the trend bias was to follow the weekly dynamics towards the highs, and likey to continue higher in the first Quarter of 2011.
Weekly report out later.
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