S&P (E-minis) 9th June 2011 Recap

I would still treat the channel lows and the 50% level as resistance @ 1286-89... as part of a move down towards 1259


S&P Weekly and daily range

Reistance failed to hold on Thursday....

And by the look of the price action that has occured....

il looks like a possible continuation back towards the Weekly level @ 1301.50 on Friday.

Trend guide the Weekly lows @ 1286

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