S&P 500 E-mini Futures 19th March 2012 Daily recap

Daily channels suggest the trend is moving up towards the Daily highs @ 1407..

as part of  the break and extend pattern from 1381 towards this week's highs @ 1410
S&P 500 Weekly and Daily cycles

Trend stalled at the March highs @ 1402 and was pushed downward without reaching the daily 50% level @ 1391.50

Higher timeframe breakout pattern then took over, as the market continues with last week's breakout @ 1381 to this week's highs @ 1410.

keep an eye on 4 hour close below those channels for a possible move down towards the daily 50% level @ 1391.50