S&P 500 E-mini 13th January 2012 Daily recap

The current Weekly highs could act as resistance until next week.

Friday's 5-day lows Are seen as support, if for some reason US markets move down on Friday

The reason for the move downward on Friday was not only based on the Weekly highs acting as resistance, but it was the downgrade of the French hitting markets during the Euro session.

The S&P move down, found support, and rose upwards in late trading.

Expectation remains that price is moving towards the January highs @ 1314.

Weekly Report out later

S&P Weekly and Daily cycles