S&P 500 futures 28th Futures 2012 Daily recap

This week has started with a 2-day rise from last friday's lows... hitting the Weekly highs @ 1415 (random resistance).

there is the possibility that after reaching the Weekly highs (2-day rise) the market can consolidate and remain choppy.

Support 1402.50

S&P Weekly and Daily cycles


Daily 50% level @ 1402.50 failed to provide an 8.5 - 14 point rise....

as the market continues down after the 2-day rise into the Weekly highs @ 1415....

I still have the view that the Market is moving up towards the April highs..

however, that will depend on how well the Weekly level @ 1395 supports the market into the end of the month/quarter


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