S&P 500 E-mini futures 11th November 2011 Daily recap

Based on the levels in the daily range...it looks like the market will move upwards....



as longs as it remains above the 50% levels and trend guide @ 1244


Note:- blue channel lows random support:- 1234-36

S&P Weekly and Daily cycle

Early weakness back down towards the Weekly 50% level, but the closure back above the trend guide @ 1244 help send the S&P into a higher daily close.

This was helped by this week’s 50% level @ 1236 supporting the trend.

Weekly report out later



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