S&P (e-mini ) 2nd October 2010 Weekly


S&P Monthly and Weekly

3rd Quarter closes with price trading around the September highs @ 1142

4th Quarter target is 1174 to 1182.

My preferred pattern is to have the S&P move lower over the next 2-weeks down into the October 50% level and then continue higher.

Weekly trend guide 1143.50

first Weekly lows will form support levels @ 1111-17 and then drift lower (2nd week)

SET-UP A, as described in the previous weekly report

SET-UP B, is the trend moving upwards from 1143.50 towards 1165 early next week