S&P 500 e-mini 3rd November 2011 Daily report recap

looks well supported above the Weekly 50% levels, with a possible move up into the Weekly level @ 1250.50:- the red filter the trend guide

The 5-day 50% levels possible resistance.


S&P Weekly and Daily cycles

S&P moved upwards and reached the Weekly level @ 1250.50

This saw selling hit the market, but it then stabilised above the 5-day 50% level: -
ss the resistance zone, became the support zone in the 2nd half of the day

And the current price action looks like it can continue to move towards higher highs by Friday…

As the market rises up from the Weekly 50% level, and is now trading above 1250.50




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