S&P (E-minis) 8th June 2011 Recap

Whilst the S&P is below the Weekly lows @ 1286, the trend bias is down towards the June lows @ 1259.

The only thing that could support the market today, are the Weekly lows in the DOW @ 12005 supporting the downtrend.




S&P Weekly and Daily range.

The S&P is trading below the Weekly lows @ 1286, and is trying to move towards the June lows@ 1259

However, the DOW is trading inside it's own Weekly range, and as mentioned in the daily report...the DOW's support @ 12005 (low of the day @ 12005) could support the down trend in the S&P today..

resulting in a trading range between the Weekly lows @ 1286 and the daily lows.

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