S&P 500 Daily 18th June 2009 recap

"US markets trading around Monthly balance points without a higher daily close this week.

With Wednesday not selling down but trading around Monthly support, it looks like price will move back towards the 5-day 50% level.

5-day 50% level is random resistance, which could stall price on Thursday"


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S&P Weekly and 5-day pattern

US markets trading around monthly mid-points, but not rising much further than the 5-day 50% levels on Thursday.