S&P 500 e-mini Futures 3rd April 2012 Daily recap

Red filters suggests some weakness before the cash market opens.


Trailing support:- 5-day 50% level and blue channel highs.(1405/07)


S&P Weekly and Daily cycles

Early weakness within the daily cycles...

However, the 5-day 50% level and blue channel highs failed to hold support during the day....

As the market completed the 14 point down move, which was the pattern I was looking for on Monday.

I still have the view that the S&P will try and make a move towards the Weekly highs.

However, whilst below 1410.50, that view is open to Risk





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