S&P 500 E-mini 2nd February 2012 Daily report

Trend bias is up towards 1334.

However, daily cycles suggests early weakness into support levels @ 1315

S&P Weekly and Daily cycles

Weakness around the daily cycles @ 1324...

but remaining in a tight 8.5 point range for most of the day.

Support levels not reached @ 1315.

Inside day formation, with the continued expectation that price will try and push upwards on Friday and complete the break and extend pattern.