S&P 500 E-mini 16th September 2011 daily recap

my view is that price will continue towards Friday's highs (support 1197).

those daily highs are seen as resistance, and for next week to begin with a 2-day reversal pattern back down, with the potential to move lower of the next 5-days


S&P Weekly & Daily cycles


Price moved down into support @ 1197 and then continued upwards ( 8.5 to 14 points).

However, price didn't reach the daily highs, which was part of a set-up that could potentially reverse down early next week.

Weekly report out later





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