S&P (e-mini ) 9th July 09 recap

Bearish below the July 50% levels with an expectation of lower prices in July....

Down won't be confirmed unless price is below Yellow support on Thursday

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S&P Weekly and 5-day pattern

Small range day trading below July 50% level resistance and Thursday's support levels.

Last day tomorrow to close out the trading week, and it will be based on whether Friday continues down into a lower Weekly close...

Or for some reason swings back towards next week's 50% level @ 900.

Once again that will depend on Friday's Support (Yellow)





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