S&P (e-mini ) 11th June 09 recap

"Range bound between the Weekly 50% level support levels and June highs.

Trade on the side of the 5-day 50% level.

No probability pattern"


Premium Trader.




S&P Weekly and 5-day pattern

US markets continue to consolidate in a tight 5-day sideways pattern.

Once again price failed to reach the Thursday highs for any reversals back down into the mid-point.

Eventaully price will have to pop either way:- breakout of the 5-day range????