S&P 500 31st May 2012 Daily recap

Trend bias is down towards the June lows.

 Resistance 1316/1319

 Random Support Daily lows

S&P 500 Weekly and Daily cycle

Early resistance @ 1316 pushed the trend down into Thursday's lows..

forming a random support around those lows and the Weekly level @ 1304

Trend bias is to continue down into the June lows..

along with the possibility that price revisits the June 50% level beforehand




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