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.



Posted by