S&P 500 e-mini 25th January 2012 Daily recap

S&P looks like it wants to continue higher (Wednesday's highs), as long as it remains above 1312.50.

Daily and Weekly highs match:- random resistance @ 1320


S&P Weekly and Daily cycles

Early weakness around the January highs @ 1314 pushed the market down, but then it resumed its trend towards the Weekly and Daily highs @ 1320 (random resistance)

As noted in yesterday's recap, current price suggests the market is following a 2nd monthly wave pattern towards February's highs.


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