S&P (e-mini ) 16 June 2010 Daily recap

I'm still treating the Weekly highs and June 50% levels as resistance for this week only.

Minimum reversal 8.5 points.



S&P Weekly and Daily range

Weekly highs form resistance on Wednesday providing a 8.5 spiral range low during the day.

Currently the market is now trading between two Weekly levels @ 1102 & 1113.

At this stage I have the view that the S&P is trying to swing back down towards next week's 50% level...

But for that to happen the market needs to be trading below 1102.




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