S&P (E-minis) 23rd June 2011 Recap

S&P Weekly and Daily cycles

As mentioned a couple of days ago, my view is that the S&P 500 had hit a brick wall and would begin to reverse down from the August highs...

if that's the case Friday shouldn't move above Thursday's lows and also the Weekly level @ 1405 and continue down into the Weekly 50% level.

However, I could be wrong...



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