Tuesday 24 May 2011

S&P 500 Emini

Seeing a small recovery here in Asia today and the Eminis are holding the previous low of the 18th May at 1316. This pattern here does not look like a bearish breakdown currently. Bear this pattern in mind

Emini 60mins:
This looks like a corrective pattern to me off the May highs and not the beginning of a serious impulsive breakdown. 1315 appears to be a key pivot and looking for a strong recovery off here to confirm.