S&P 500 Emini 30th January 2012 Daily recap

Expectation that the S&P is moving down into the Weekly 50% levels @ 1298

Early push down from the blue channel lows @ 1307 towards Monday's lows. Those Daily lows match the Weekly 50% levels, as part of a swing towards higher highs

S&P Weekly and Daily cycles

As per Weekly report, expectation is that the trend will complete the break and extend pattern from 1278 to 1335.

This is helped by the patterns in the Weekly and Daily cycles on Monday.

Resistance @ 1314 resides for 1 more day, when resistance disappears from
Wednesday onwards

However, be aware of weakness on Tuesday if it's being push down from the
daily 50% level, as described in the book