DOW S&P Weekly Report 17th MAY 2008

DOW S&P Weekly charts...

Expectation US markets are pushing higher into MAY's highs.....


DOW S&P Daily charts....

Last Week's Expectation was for US markets to swing back upwards towards their Weekly highs from lower prices, this was confirmed with the 'Hook' day back inside the Weekly 50% levels.

Next week's expectation is price is pushing upwards into the Weekly highs:- stall for a few days and then continue higher towards MAY's highs....

Last Week in the US was simply trade the 5-day patterns upwards using support.

BUY support and trade Upwards, using partial exit strategies

All Daily analysis and trading set-ups :- Day trading and swing trading are found in the Premium trader...(Index Forex)

http://www.datafeeds.com.au/premiumtrader.html