S&P Monthly and WeeklyAs per previous Report, my view was that 1099 would stall the UP trend (resistance), and that the 3rd Quarter would begin to move down towards the monthly lows and towards 969.
There are two possible patterns.....
This month continues to trend downwards and into the July lows
or
The market consolidates between the Weekly levels until the end of July, with a bias towards 969 in the 3rd Quarter.
