S&P 500 E-mini futures 16th December 2011 Daily recap

Weekly 50% level @ 1215.50 support

However, the daily 50% level @ 1223.75 could actually push price back down into the blue channel lows @ 1212
S&P Weekly and Daily cycles

Early support from the Weekly 50% level @ 1215.50  rising 8.5 points into the daily 50% level, which formed resistance.

Weakness hit the market around lunch time, as sellers appeared using the red filter as a the trend guide back towards 1212

Weekly Report out later

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