S&P 500 e-mini futures 5th October 2011 Daily recap

price action in the Weekly cycles suggest more upside...

Support 1108-1111:- (14 points)

and upside target and resistance 1138

S&P Weekly and Daily cycles


Ideal set-up for more gains this week, as Tuesday’s price action and daily close above the Weekly level @ 1111, aligned precisely with the daily channel lows @ 1108


The S&P 500 initially rose 14 points precisely, moved into a consolidating pattern for a couple of hours, and then proceeded to move towards 1138 and another 30 point range





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