S&P 500 E-MINI 1ST fEBRUARY 2012 Daily recap

January high resistance levels have disappeared...

with the expectation that the trend is moving up into this week's highs @ 1334 by Friday

Support 1304


S&P Weekly and Daily cycles

 The shift in market dynamics, as the January high resistance zone @ 1314 disappeared…

along with the Daily cycle support pattern @ 1304...

has seen Wednesday move up towards the daily highs…

as part of a move towards 1334:- break and extend pattern from 1278




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