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    7-5-11 Mr. Top Step Update


    by mrtopstep

    0 views Tim Haefke, Top Notch Trading - The May closes of 1338.50 for the s&p, current globex high of 2337.75 & the May close of 2368.00 in the nasdaq, globex high of 2368.25.

    Overall looking for them to act as double tops with a chance of a retracement / pullback.

    Talked about contract highs and pointed out how the regular session lead high of 1367.00 lines up with the 1367.50 September contract mini high.

    Looking for a possible move to contract highs if those May close levels get breached on the regular session.

    Bonds saw a 4.5 point break in a one week period from a high of 126.20 to a lowof 122.05.

    Point of interest in the bonds is the 120.09-120.31 tight area.

    **Filmed on the trading floor at the CME Group. Produced by MrTopStep with MarketHEIST