S&P 500 E-mini futures 19th April 2012 Daily recap

Same pattern as yesterday… Weekly 50% level can continue to stall the S&P from rising.

5-day 50% levels and blue channel highs, along with the red filters for a push towards Thursday’s highs (resistance)
S&P 500 Weekly & Daily cycles.

 Daily cycles suggested that today’s early move would be UP, unlike yesterday’s pattern suggesting a move down.

Early rise up, and the Weekly 50% level along with Thursday’s highs pushed the S&P back down, with late selling below 1377 (50% levels)


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