S&P (e-mini ) 24th June 2010 Daily recap

Wednesday support and trading around the Weekly levels.

Two patterns at play:- rise into the daily 50% level ( resistance)

Or break and continue down into Thursday’s lows.



S&P Weekly & Daily range

S&P continues with the down trend as price moves towards the July lows in the 3rd Quarter.

My preferred pattern was a swing back into the daily 50% level using Wednesday’s lows as support, however the larger monthly trend is driving prices lower


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