S&P 500 E-mini 13th December 2011 Daily recap

If the S&P is going to go down into its Weekly 50% levels, then the resistance levels are the blue channel lows and 5-day 50% levels @ 1241.50

If the first 4 hours moves down, then the red filter and 7pm become random support levels @ 1227

Weekly 50% level & Tuesday's lows ( support:- 1215.50)


S&P Weekly and Daily cycles.

Early move down into 7pm support, (Red filter) saw the S&P rise up into the resistance levels in the daily range:- 1240.50

The expectation from there on would be a continuation of the move down into the Daily lows, along with the Weekly 50% levels:- support, which has currently provided an 8.5 point support pattern.


Posted by