S&P 500 E-mini 29th November 2011 Daily Recap

Trend guide the Weekly level @ 1189

Random resistance Tuesday’s highs @ 1202-1206

Support channel lows @ 1175
S&P Weekly and Daily cycles

After yesterday’s retest of the previous Weekly lows @ 1196…

Today’s trading was based on whether the trend would continuation lower…

Or whether Tuesday was the 2nd day of a 3-day up move into the start of December.

As we can see Tuesday didn’t continue lower, but remained within the daily range after testing the November 50% level (8.5 to 14 points)




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