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Saturday

Nov242012

Market Closes At Highest Weekly Trading Zone

November 24, 2012 at 10:54 PM

S&P500 Emini Closes Week At Highest Weekly Trading Zone

The S&P Futures finished the week at 1404.75. High of the week was 1407.50. Our highest Weekly Trading Zone was 1406/1407. Weekly Zones are emailed to CFRN Partners prior to the market opening on Monday and also provided to those taking our Free Trial in the Live Trading Room.

(ES) Weekly Close S&P 500 Emini Futures

Earlier in the week on Tuesday we saw a "Touch and Go Landing" at the 1374/1375 Weekly Zone. This is significant in that we touched this Zone twice and saw no real consolidation. The market reached down from 1385 to touch the Zone almost in a compulsive type move, as though it had no other choice. You know, like the last rattle of the front door nob before retiring?

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