S&P (e-mini ) 23rd March 2011 recap.

There are two resistance levels in the S&P 1293 & 1300



S&P Weekly and Daily range

The S&P continues to consolidate below 1293 without moving lower.

This leads me to think that there will be a push upwards into the 3rd and final resistance zone @ 1300.

As per the Weekly report, my view is that the S&P will continue lower during the current month, or at the start of April.

I’ll know if I’m wrong in the short-term if Thursday breaks out above the 5-day highs



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