S&P 500 E-mini futures 27th February 2012 Daily recap

Trend bias on the Weekly level and Daily 50% level…(1361.50)

With Support around the Weekly 50% level @ 1349.50

S&P Weekly and Daily cycles…

 Early selling pressure as the market moved down from 1361.50…

However, it didn’t reach the support level (Weekly 50% level), instead it remained within the daily channels, with an upward bias until the end of this month (Wednesday)

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