S&P 500 E-mini futures 15th November 2011 Daily recap

My view is that Tuesday will try and rise upwards, or remain choppy.

if it rises upwards then support is at the Daily 50% levels.

if it remains choppy, then resistance is at the blue channel highs @ 1261

S&P Weekly And Daily cycles.

Early rise up from the daily 50% level (8.5 points)…

But then selling came into the market until the middle of the day.

And then Tuesday moved upwards hitting 1261 and the channels highs..as today remained choppy.