S&P 500 E-mini 11th January 2012 Daily recap

Trend bias is to continue upwards this week, as part of a move towards the Weekly & monthly highs.

Support:- channel highs and daily 50% level @ 1278

S&P Weekly and Daily cycles

Didn’t reach support levels @ 1278, but a move above the filter in the 2nd half of the day resulted in a higher daily close...

as the trend continues towards the Weekly and Monthly highs