S&P 500 8th MAY 2012 Daily Recap

Markets looks like it could move back down.

 if that's the case, then the S&P could find some random support around 1357

S&P Weekly and daily cycles

Early selling pressure within the Daily cycles pushed the S&P back down into 1357 (random Support)

1357 provided some support of 8 points, but the Daily cycles wasn't providing the ideal pattern for more gains..

instead sending the trend back down into the Weekly lows once again.