S&P (e-mini ) 5th MAY 09 recap


"US markets trading around their Weekly highs with the expectation price is heading up into the MAY highs.

Normally the Weekly highs would resist price and then make higher highs next week to complete the move.....

However, with US markets closing above their 5-day highs on Monday, normally that would push prices higher once again :- random pattern"



S&P Weekly and 5-day pattern

Small range day on Tuesday with US markets trading around their Weekly highs, but not reversing down due to Monday's breakout of the range.



Posted by