1189-1196 resistance (Previous Weekly Report)
S&P Weekly and Daily
The S&P didn't remain below resistance levels, as positive news came out on funding for European Banks.
This saw the S&P 500 rally into the Weekly highs, and we are back to my original view of markets remaining consolidating within the 4th Quarter.
Next Week:- could continue towards next week's highs, and back towards 1274.50 (Resistance)...
But because of Friday's 5-day high reversal pattern my view is that....
that the market is heading back towards the Weekly 50% level...
and as far as the December 50% level sometime this month (Random Support)
Trend guide 1249.50
