S&P 500 e-mini 19th December 2011 Daily recap

Trend guide red filters & blue channels @ (4pm)


5-day 50% level random resistance @ 1215.25


S&P Weekly and Daily range.

 Whilst the market was above the December 50% level, the early trend bias was up using daily channels @ 1203 (4pm Sydney) as support :- 8.5 to 14 points.

This saw price move up into the daily 50% level during globex hours....

 but once the cash market opened and price was back below 1215.25, sellers hit the market pushing price towards the lows….

Critical support levels remain the Weekly level @ 1197.75 and the December 50% level @ 1200




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