S&P (e-mini ) 2nd MAY 2011 Daily recap.

whenever the market rallies towards the weekly highs during Sunday's trading, it normally reverses back down towards the 5-day 50% level as a minimum target.

Resistance 1373.25

S&P Weekly and Daily range.

S&P reversedl down from resistance levels and towards the trailing target zones @ 1359 (14 points)

As noted in the weekly report…

Expectation that the market would retest this week’s levels @ 1343-47, to see whether the current upward trend in MAY remains stable



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