S&P 500 E-mini futures 4th April 2012 Daily recap

The red filters and 5-day 50% level will be the trend guide.

S&P 500 Weekly and Daily cycles

My view was that the S&P would try and make a play for the Weekly highs before it continued lower.

However, with Tuesday’s close inside the Weekly level @ 1410.50 and price trading below the Daily cycle trend guides…@ 1401/03

The bias was to move back towards the Weekly 50% level..




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