S&P 500 E-mini Futures 6th February 2012 Daily report

Friday's high breakouts suggest the trend will continue up towards Monday's highs:- break and extend patterns.

However, the red filters suggest that the next 6-12 hours will try and push the trend downward & remain choppy (8.5 point ranges)

S&P 500 Weekly and Daily cycles

Early weakness from 1336 into trailing daily support levels @ 1331...

And then a slow grind upwards in late trading.

current price action suggests the trend will continue up towards the February highs @ 1352