S&P (E-minis) 6th June 2011 Recap

Whilst the S&P is trading below 1301, the trend bias is to move down into the Weekly lows @ 1286 (random support)...with an expectant trend towards the June lows @ 1259



S&P Weekly and Daily range

S&P has followed the trend down into the Daily and Weekly lows, without providing an intra-day reversal pattern of 8.5 to 14 points.

That might happen during globex hours....

however, if it's below 1286, it's following the June low pattern, as per Weekly report.

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