5/09 Indices, page-7

Initial test on that important 6770 (OANDA) level to start the day (around 6790 IG)

If that tests again and fails expect another 40pts down

Personally believe that's a good zone to go long from on XJO

Volume is too thin above and will stay that way with US off so if the primary move is down I'd expect a stop hunt higher before real sell comes.

If that pattern sets up I'll be watching ES 3970-3980 zone

RBA set up comes to mind down under too.

However, last weeks low still hasn't broken...