S&P 500 E-mini futures 10th January 2012 Daily recap

today looks like it's continuing higher, as part of the December 50% level Support and extension pattern upwards.

Tuesday's highs random resistance, as part of a trend trying to move towards the Weekly highs

 S&P Weekly and Daily cyclesAfter yesterday’s support, Tuesday was most likely going to continue to move upwards.

Tuesday highs @ 1284.50 failed to stall the trend....

as the market tried to reach the precise ‘Weekly high’ @ 1293.50

Whilst the S&P remains above Tuesday's highs @ 1284.50, the expectation it will continue to extend upwards on Wednesday.