S&P 500 E-mini Futures 16th April 2012 Daily recap

S&P is currently being supported at its April 50% level @ 1361

Trend guide thew Daily channels

S&P Weekly & Daily cycles

Early rise upwards, that only last the Primary range of 14 points

Even though the S&P remains above the April 50% level @ 1361

I still have the view that it is moving towards the Weekly lows @ 1345/47

• Daily Trading Set-ups & Analysis
• Index Futures SPI, DOW S&P, & Forex
• Subscribe to the Trader Premium
• http://www.datafeeds.com.au/premiumtrader.html