S&P (e-mini ) 27th MAY 2010 Daily recap

S&P trading around support levels and I still have the view that US markets are going to rise up in the short-term towards their monthly 50% levels.

We can now see that the 5-day highs is catching up with the price action @ 1093.

My gut feeling is saying a Thursday high breakout, but we I won't know that unless it's trading above 1093 late in the trading day (afternoon trading).



S&P Weekly and Daily range.

Late break of Thursday’s highs and expectation price should continue towards the Weekly 50% levels on Friday and towards the Monthly 50% levels early next week.







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