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

Normally a higher open would come back down and retest the 3-day cycle high break out from yesterday, which is around the 5-day 50% levels:- 2-day stall

Tuesday's highs are random resistance.


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S&P Weekly and 5-day pattern

Tuesday high reversal pattern towards Monday's 3-day break @ 897.

Today is the first day of a 'stall' pattern to retest Monday's 3-day high break.

Next Probability needs to be defined after Wednesday's trading.

It's hard to see more Upside due to the MAY high Resistance levels, but at this stage I can't discount it.



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