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