S&P (E-minis) 13th June 2011 Recap

I would focus on trying to achieve 8.5 to 14 points using random support or resistance.

Resistance 1274-77

Support 1259-1263



S&P Weekly and Daily range.

There was a breakout of Friday's lows, therefore there was an expectation that Monday would try and move down into 1259/63...

1259 is the June lows, which is part of the current monthly cycle.

Daily resistance provided a 8.5 move downward, however it didn't reach random support levels.

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