S&P 500 e-mini futures 24th November 2011 Daily recap

Trend bias is to continue down

Trend guide the red filter @ 1164

50% levels resistance @ 1183/4

Support Thursday’s lows.


S&P Weekly and Daily cycles
7pm buying (Sydney time) once again saw the market rise up from the red filter @ 1164 and complete the 8.5 point range, without moving towards the resistance levels @ 1183

Same pattern as the day before, once the R8.5 range completes (14 points from Wednesday's lows) the trend resumed its overall bias to continued lower (Weekly breakout)









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