S&P (e-mini ) 13th MAY 09 recap

"US markets trading around their MAY highs with the expectation of price moving down into monthly 50% level support

Trade on the side of Support.."

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S&P Weekly and 5-day pattern

US markets continued the down move with a break of support and finally breaking out of the 5-day lows.

At this stage the Weekly bias is to have a lower close, and continue down towards 845.

Using the 5-day pattern as a trend guide for the rest of this week.

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