S&P (E-minis) 26th May 2011 Recap

resistance 1322:- Below the Monthly and Daily 50% level, Thursday moves down with the first target @ 1312...

if the market moves down into 1312 and then moves up towards 1323/24, then there is more reason for a late move upwards and a continuation on Friday towards the daily highs.

S&P Weekly and Daily

Early resistance from the daily 50% level saw the market move down into a low @ 1312.50.

Which then saw a late rise and daily close above key resistance levels @ 1324.50.

Based on the current price action, it looks like Friday will try and continue towards higher highs










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