S&P 500 E-mini Futures 11th April 2012 Daily recap

We have the same pattern as Monday, this could result in both the S&P moving up towards Tuesday's breakout and the 5-day 50% level. (resistance)

My hunch is that the Weekly lows in can push the trend down into the RED filters as first targets, as as far as Wednesday's lows
S&P Weekly and Daily cycles

S&P rose upwards and hit resistance levels....

However, the Selling down into Wednesday's lows and the target of 1347 didn't eventuate.

S&P is now trading around the April 50% level @ 1361

Daily levels on Thursday come into play, which will decide whether the trend continues down into 1347

or April 50% level  forms 'Support', and rises up towards 1378.50 once again.


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