S&P (e-mini ) 12 June 2010 Weekly

S&P Monthly and Weekly

S&P trading around higher timeframe support levels (3-Quarterly 50% levels 1074) but below the June 50% levels.

At this stage I'm treating the S&P as hitting resistance around the 3-Week highs and 3-month 50% levels in June.

Often the 3-week highs and 3-months 50% levels can send the trend back down, or at least keep June consolidating below the June 50% levels @ 1111.50