S&P (E-minis) 1st June 2011 Recap

"From Wednesday onwards there is a possible reversal pattern down towards the June 50% level,as per Weekly report"



S&P Weekly and Daily range

As per Weekly report, I was looking for the market to move towards the upper Weekly level over the first 2-days, but then I was looking for a reversal pattern back down into the June 50% level @ 1322.50 from Wednesday onwards.

Wednesday reversed back down, and kept on going, resulting in a breakout of the daily lows @ 1318.

Because of the breakout, often this will see the market extend towards Thursday's lows.







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