S&P (e-mini ) 21st MAY 2010 Daily recap

"Thursday breakout and expectation that price is heading down into the daily lows on Friday.

If and when those Weekly lows and Friday lows occur I'm expecting a larger swing pattern back towards the June 50% levels"




S&P Weekly and Daily range

Text book patterns on this downtrend and into Friday's lows to complete the
break and extend pattern in the Weekly timeframe

Precise bottom and swing back towards the Daily 50% level.

And as per expectation, my view is that price will try and swing back towards the monthly 50% levels in June.

Current support levels are valid in MAY but will drop lower in June



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