S&P (E-minis) 16th June 2011 Recap

S&P is down into its critical level (support) @ 1254-59, and as per Weekly report I would start to look for counter-trend moves upwards from next week....

Today can find support around it's daily lows, and close back towards the 5-day 50% level:- resistance.




S&P Weekly and Daily range....

S&P remained between support levels and daily resistance (50% daily), rotating in 14 point ranges

A continuation upwards from next week will depend on how Friday closes and next week's levels form.

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