S&P 500 E-mini Futures 9th March 2012 Daily recap

Friday's trading is based on whether it continues upwards (Daily highs) or remains choppy and closes in the middle of the 5-day range.

Friday's high is seen as a random resistance:- 8.5 points

Note:- the market could move higher later in the day, as the trend continues up from the Weekly lows towards next week's highs :- 1380-84

S&P Weekly and daily cycles…

Friday’s highs has stalled the trend from rising (4.25 points), but not the full 8.5 points.

This week’s price action of rising up from the Weekly lows, lends itself to more gains towards next week’s highs @ 1384