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


S&P already trading around the Weekly highs @ 1128

These highs can act as resistance in the early part of the week, and Support is as shown :- White levels @ 1105.75.

My ideal pattern is a reversal back down into 1105.75 by Tuesday.

S&P Weekly and Daily range.

Monday has reversed back down into 1105.75, and this level is now the trend guide for the rest of the week:- support

Whilst the market remains above 1105.75 I have an upward bias into the start of the 3rd Quarter.

However, it wouldn't surprise me to see the market consolidating around the June 50% level for the next two weeks if Tuesday decides to visit the Weekly 50% level @ 1089.75 and Daily lows.


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