S&P (e-mini ) 19th October 09 recap

"Expectation that last week would reverse down, and this week is based on 'range trading' the Weekly 50% level and the Weekly highs.

S&P starting the day above support, and if it’s above the 5-day 50% level then price can swing back towards last week’s highs (5-day high)"

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S&P Weekly and 5-day pattern

Support on Monday has seen price move back towards the 5-day highs, and probably continue towards the Weekly highs this week.

As per Weekly report, I'm interested in only trading short-term patterns within the 5-day range until November.

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