S&P 500 e-mini Futures 7th November 2011 Daily recap

Trend bias is up, however, my view is that price will move down towards the Weekly 50% level @ 1236.50 and form random support

S&P Weekly and Daily cycles.



 Early trend bias was down , using the daily channel highs @ 1251, as the trend guide

The Weekly 50% level @ 1236.50 formed support, an overall upward bias in the larger timeframe cycles has seen the market close higher on Monday

And likely to continue up towards 1270-1274 by Tuesday




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