S&P 500 E-mini Futures 30th April 2012 Daily recap

Everything points to the S&P going up, because of the daily channels and the Weekly levels @ 1395/97 (Monday's highs Resistance)

Therefore I'm not sure how the market will playout if there's weakness today :- maybe a R14 point low Random support

S&P Weekly and Daily cycles

Market started above 1395/97, with the expectation it was moving towards Monday's highs

 However, the confirmed weakness occurred with the closure below 1397 putting pressure on the market  to complete the 14 point range from Friday's highs.

Market move down, but it failed to reach the R14 spiral low @ 1389 (low 1389.75)


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