S&P 500 e-mini 2nd December 2011 Daily recap

Trend guide 1248.50

Look for short-term weakness towards yesterday’s red filter level @ 1226

Resistance Weekly highs
S&P Weekly and Daily cycles

1248.50 formed resistance, but it only lasted 12 points….

Friday's trading will be based on whether the market closes near the Weekly 50% level...

or whether it extends upwards, and then follows a 2nd Weekly high pattern next week (1274.50)


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