S&P 500 e-mini 23rd February 2012 Daily recap

My view was this week would come down and retest breakout support levels (1352-54) and continue higher towards a higher weekly close.

However, the daily cycles suggest price could test the daily lows on Thursday

if the market is going to rise then Thursday's lows are the support zones...

S&P Weekly and Daily cycles...

 Early resistance within the daily cycles, saw price move down into Thursday's lows, providing the perfect set-up for a late rise upwards


Posted by