S&P (E-minis) 31st May 2011 Recap

Above the Weekly 50% level on the last day of the month and the S&P looks to move moving towards the upper Weekly level @ 1348

Possible pattern for Tuesday:- the S&P to hit 1340-1341 and reverse down 8.5 points to 1331.

If that happens then support could push the S&P up towards 1348 later in the day.



S&P Weekly and Daily range

S&P rising up towards the Weekly level @ 1348 on the last day of the month.

And Tuesday nearly played out precisely, as the market reversed down 8.5 points...

but it didn't move down into the support level (channel high) @ 1331.25 to trade longs into the close.







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