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

"As described in the Weekly report:- I mentioned that there could be a 5-day sideways pattern around these levels.

If that's the case, then Friday needs to be a down day:- price is hitting Friday's highs and reversing down into Support:- 5-day 50% level and Yellow"

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S&P Weekly and 5-day pattern

S&P moved up into the Friday highs and reversed back down into support.

I'm still looking for higher prices in June, however based on pattern recognition techniques:- If Friday hits the highs and stalls often the first two days of the nexw week moves down.

That's simply going to be defined by Monday's 5-day level


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