S&P 500 E-mini Futures 15th MAY 2012 Daily recap

Looks like more weakness in the S&P 500...

Daily 50% level and blue Channel lows:- Resistance

Tuesday's lows Random Support

S&P 500 Weekly and Daily cycles

Early rise upwards...

and then a rejecton pattern (SELL) down into Tuesday's lows @ 1328.75