S&P 500 E-mini Futures 13th April 2012 Daily recap

Trend guides are based on the blue channels highs @ 1378

Target:-ist target red filters 4.25 points & Then Friday's highs @ 1392

High risk trading longs below the 5-day 50% levels

S&P Weekly and Daily cycles


After this week's support, my expectation was that Friday would continue higher.

Early support formed @ 1378, however the red filter formed resistance...

Whilst a close below the 5-day 50% level @ 1374, put pressure on the market to close on its lows, and around the Weekly lows.




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