S&P (e-mini ) 8th June 09 recap

"As per Weekly report, there is an expectation of a pullback into the Weekly 50% levels.

Below the 5-day 50% levels and looking for a move down into support levels @ 927"

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S&P Weekly and 5-day pattern

US markets started Monday below the 5-day 50% level and pushed down into Support levels.

At this stage whilst prices remain above the Weekly 50% levels, along with the 5-day 50% level there is a view for higher prices in June.



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