S&P 500 e-mini 14th December 2011 Daily recap

If there is a down move, then the red filter @ 1240 is the trend guide for a target of 1206 & Wednesday's lows.

This is based on the DOW making its own way towards the Weekly 50% level @ 11765, pushing the S&P lower

S&P Weekly & Daily cycles.

1240 formed resistance on Wednesday, and currently Wednesday’s lows are forming a random support zone…

With the December 50% level forming a more robust support zone on Thursday.

Keep in mind that current price action has the S&P 500 below the Yearly 50% level in 2012, which isn’t a good sign for the start of the new year.


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