S&P 500 E-mini futures 5th March 2012 Daily recap

market moving down from the Weekly level @ 1370 towards the Weekly 50% level and Monday lows (1356-1357)

Random support @ 1360.50 of 4.25 points

S&P Weekly and Daily cycles
S&P is being pushed down from the weekly level @ 1370 at the start of the week.

The daily level @ 1369.50 provided a random support pattern of 4.25 points, and then it was rejected down from the daily 50% level once again….