S&P 500 E-mini futures 26th September 2011 Daily recap

Patterns at play...remains within the blue channels (first target 5-day 50%)

note:- blue channels match the Weekly levels in the S&P 500 (1117-1119)

 
S&P Weekly and Daily cycles



Support came into the market around the daily and Weekly levels @ 1117-1119.

This saw the market rise into the 5-day 50% level @ 1149, which formed an intra-day resistance zone of
14- points

And more buying has seen the trend continue up towards the Weekly 50% level.































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