S&P (e-mini ) 2nd June 09 recap

"Breakout on Monday, which can push prices higher on Tuesday.

Random resistance 946"



S&P Weekly and 5-day pattern

There is an expectation of higher prices in JUNE, but at this stage the view is that US markets could stall around these levels and this week moves into a consolidating pattern before heading higher from next week.

Consolidating pattern would be between 946 and the MAY high breakout @ 917.

However I'm still expecting higher prices in June.

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