S&P (e-mini ) 30th June 2010 Daily recap

"Currently the S&P is trading around the Weekly lows @ 1037, with the expectation the trend is continuing down into July’s lows.

Random support 1037"



S&P Weekly and Daily range….

There were two patterns at play on Wednesday…..

#1) Weekly lows @ 1037 supports the market and price swings up towards the daily 50% levels and stalls (resistance).

#2) Below 1037 and price continues towards Wednesday’s lows & June lows on the last day of the month, and then continues down towards the July lows.


Today saw early support at the Weekly lows with a double bottom and 8.5 rise until afternoon trading, sending the S&P down into the Daily lows and towards the June lows on the last day of the month.

And likely to continue down towards the July lows




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