S&P 500 E-mini Futures 12th October 2011 Recap

Monthly 50% levels as a trend guide

If above red filter at 7pm... then the trend bias is to move upwards

Random resistance Wednesday's highs

S&P Weekly and Daily cycle



Buying came into the S&P around 7pm Aussie time, as Tuesday had closed above the October 50% level.

This saw the trend continue towards Wednesday’s highs @ 1202, stalling for a number of hours, and then price followed the trend within the Weekly cycles towards new highs...

until it hit then next line of resistance @ 1214


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