S&P 500 e-mini Futures 3rd October 2011 Daily recap

Weekly level @ 1111 could form support....

However, the daily range doesn't favour a large upward move...as trend bias looks to be moving down into Monday's lows....

Resistance:- 1133-35
&P Weekly and Daily cycles


Early rise up from the Weekly level @ 1111 into the Daily resistance level @ 1133-1135.

This help set-up an ideal short-trade position for a move back down into Monday’s lows (30 points)…

Resulting in the market breaking those daily lows and continuing down into the weekly lows @ 1090….

As part of a move towards the October lows @ 1046



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