S&P (E-minis) 7th June 2011 Reca

Weekly & Monday's lows @ 1286 is supporting the market, and there could be a lagging 8.5 to 14 point reversal pattern from 1286 that could occur in early trading today




S&P Weekly and Daily range

8.5 point rise upwards from 1286, but the S&P struggled to rise higher, failing to reach the resistance zone @ 1298

Currently the Weekly low is supporting the down trend, but there is a larger timeframe cycle trying to push the S&P down into 1259.

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