S&P (e-mini ) 27th MAY 09 recap

"Two trading patterns:-

IF price moves up early and into Wednesday's highs @ 916, then my expectation is a push back down into the 50% levels.

IF price pushes down early into Support @ 891, bias is to close higher"


Premium Trader



S&P Weekly and 5-day pattern

S&P didn't move high enough on Wednesday for ideal limit enteries to trade the move back down into the 50% levels.

With a late Sell off down into Support @ 391, and after hour futures trading below.