S&P500 E-mini Futures 22nd March 2012 Daily recap

Expectation that the S&P is heading down into 1382-84 (Support)
S&P Weekly and Daily cycles


The S&P has moved back down into the Support levels @ 1382-84, as part of retesting last week's breakout.

My view is that the trend will now continue higher, & towards the April highs.

However, there is a slight difference in the daily cycles, with Thursday's breakout of the 5-day lows @ 1390, that may extend down towards Friday's lows

Therefore the expectation of the Trend moving higher might not play out on Friday, if it begins to trade below 1382.


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