S&P Futures

Long term pressures remain up with a price target of 1025. a trade down thru 757 would restart the down trend and take it to 590.25. cycle pressures are now down thru Feb 0f 2010.

Daily pressures are down but extended. the long cycle ends jun 19th and a shorter cycle ends june 29th. the new entry price for the next leg up has been touched at 938.25 and the next target up is 1004.50. a trade below 883.50 will start a new down leg to 813.00. the recent low of 871 and the recent high of 953 will act as barriers to any move up or down and the two opposing cycles suggest consolidation within that range.