S&P (e-mini ) 25th Feb 2011 Daily recap.

For the past 6 months the Weekly low level (1295) has provided support, as the market followed the Primary cycle towards the highs in 2011.

This could see the S&P continue to rise back towards next week's 50% level @ 1322.50.

Random resistance:- 1312-/14



S&P Weekly and Daily range.

S&P has continued to swing back toward next week’s 50% level @ 1322.50

I was looking for a minor resistance pattern of 8.5 points around the Daily 50% @ 1312-14level …

But that only lasted 4.25 points, and the larger swing pattern from Thursday’s lows took over, as Friday closed higher.

Weekly report out later



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