S&P (e-mini ) 4th June 09 recap

"A break of support moves down into support the next day.

Therefore I'm expecting a move back down into the the 5-day 50% levels, (green dotted)

Based on my view of the market:- a trading day that's range bound between Monday's break of support @ 939 support"


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S&P Weekly and 5-day pattern

Early rise in Monday's break and push down towards support, but not moving down far in support levels.

Late rise upwards with the expectation of higher prices in June, but at this stage I'm factoring in a 5-day sideways pattern into Friday before any further gains are made from next week




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