S&P 500 e-mini Futures 14th March 2012 Daily recap

5-day high breakout on Tuesday is likely to continue up into Wednesday's highs

Wednesday's highs are seen as resistance:- Red filter as the trend guide...

Any weakness on Wednesday and it's seen as short-term, the Weekly highs likely to act as support (1382-1384)

S&P Weekly and Daily cycles

 Market remained consolidating above 1382-84 without reaching Wednesday’s highs, as part of Tuesday’s break and extend pattern:- 8.5 point range.

Expectation continues to be that the S&P will continue to trend towards the MARCH highs, and then the April highs, as long as it remains above 1382




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