S&P (e-mini) 18th July 2011 recap

The S&P 500 is below the Weekly, Monthly 50% levels....
and also the daily 50% level @ 1310.75, which suggest more weakness

Random support @ 1302.50

Below support would see the S&P move down into Monday's lows

S&P Weekly and Daily cycles
Weakness on the S&P, as price is pushed down from the Mnothly and Weekly 50% levels, helped by Monday's 50% level, and with the first target around 1302.50 (random support)


With the debt ceiling weighing on the markets, this saw the S&P continue down into Monday’s lows, which provided support, and then 1302.50 provided resistance.










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