DOW S&P 7th June 2008

"US markets reversed upwards into the Weekly 50% level, and my view on Friday is that price will probably be capped around the 5-day highs....

Friday:- I would look for prices to come back down and re-test the 5-day 50% levels "

Morning Report....


S&P Daily and 5-day pattern.

US markets reversed down on Friday from the 5-day highs, and moved much further than expected on Friday, but not unexpected because of the view of weaker prices in June. (Change of Weekly cycle)



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