S&P 500 E-mini 21st December 2011 Daily recap

Red filter is the trend guide on whether price comes down into the 5-day 50% levels...(Support @ 1223)

This is based on retesting yesterday's breakout of the Tuesday’s highs.

random resistance Wednesday's highs

S&P Weekly and Daily cycle

 S&P moved up as part of the break and extend pattern from Tuesday’s highs into Wednesday’s highs @ 1244.

And then proceeded to reverse back down, as part of retesting yesterday’s breakout and 5-day 50% level (support) @ 1223

Current price action suggests more upside this week, with a move towards the Weekly highs




Posted by