S&P 500 e-mini futures 22nd February 2012 Daily recap

I would still like to see the S&P touch the breakout (1352-54) before it continues higher.

S&P Weekly and Daily cycles

S&P has continued to drift back down towards 1352-54, finding support around its daily 50% level.

As noted in the Weekly report & monthly cycles, whilst the market remains above 1352-54 the trend bias is to continue up upwards during February

Let’s see how Thursday/Friday play out, after Wednesday’s test of these support levels.

Note:- patterns in the daily cycles aren’t providing ideal 'long' set-ups