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S&P 500 e-mini Futures 16th MAY 2012
S&P moving down into the MAY lows @ 1315.50
S&P WEEKLY DAILY CYCLES
The S&P has continue down towards the MAY lows @ 1315.50, after hititng the daily 50% level.
MAY lows as seen as a robust Support zone...
But keep in mind that a large attraction zone is the Quarterly 50% level, which current resides @ 1249, as mentioned in the Weekly report.
Posted by Frank Dilernia