S&P 500 E-mini futures 2nd April 2012 Daily recap

Trend bias is UP towards the Weekly and April highs...

However, the Weekly level in the S&P 500 @ 1410 can push price down 14 points towards the Weekly 50% level (Random support)

S&P Weekly & Daily cycles

Early selling pressure from the Weekly level and the Daily levels @ 1407-10...

However, the selling olny last 8.5 points and not the full 14 points.

Overall trend bias of moving UP towards new highs in April is still in play




Posted by