S&P E-mini futures 2nd November 2011 Daily recap

current price action suggests a move back towards the daily 50% level.

The 5-day 50% level is seen as resistance 8.5 to 14 points...


S&P Weekly and Daily cycles.

We have seen this week begin with a 2-day reversal towards into higher timeframe 50% levels, and Wednesday was seen as a day that would try and rise upwards, using those levels as support

Today moved upward, without precisely reaching the daily 50% level @ 1241.50




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