S&P (e-mini ) 7th August 2010 Weekly
S&P Monthly and Weekly
Whilst the Trend is a above 1099 the bias is to rise upwards during August.
Trend target is 1155.
However, this is likely to follow the Weekly pattern formations over the next 2-weeks.
Similar 5-day pattern as last week, and with Friday's low providing support, the trend should continue towards 1137 this week.
As long as it remains above 1116
Posted by
Frank Dilernia