Aug

23

Emini S&P target below 40

By Lawrence Chan   on 2010 Aug 23 Mon 21:30:24

The break of previous week low points to weekly expansion to the downside.

Obvious measured move from Aug 9-10 top points to below 40 area.

The smaller scale version of a similar measured move points to 43-44 area.

Reversal from the zone implies retest of 1100 area.