S&P (e-mini ) 9th October 2010 Weekly
S&P Monthly and Weekly
Early sell pattern down into the Weekly 50% level, and as per Weekly report this week has followed Set-up B as price has moved up from 1143.50 to 1165…
Market dynamics suggests more gains next week towards the Weekly and Monthly highs, using the Weekly levels (white) as a trend guide @ 1154.
If or when the S&P 500 reaches 1182, my opinion it will lose steam and begin to unwind later in the month back towards the Monthly 50% levels in November
Posted by
Frank Dilernia