S&P 500 e-mini Futures 8th November 2011 Daily recap.

Trend bias to continue higher...1270-1274


However, no ideal set-up in the daily range

S&P Weekly and Daily cycles.

 As per yesterday’s recap… the trend bias was to continue higher after price bounced off the Weekly 50% level.

1274.50 is a major trend level (4th Quarter 50% level), and it may continue to act as resistance.

However, a breakout of the daily highs, will often continue to extend upwards the next day



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