S&PO 500 E-mini futures 2012 Daily recap

S&P is already hitting resistance levels in the Weekly cycles...

 eventually price will try and retest their 5-day lows during this upward move..

therefore there is always the potential for a move down towards the 5-day lows on Thursday, but the daily cycles aren't providing the set-ups for that to happen as yet

S&P Weekly and daily cycles

As we can see price has moved down into Thursday's lows, but the patterns in the daily cycles didn't provide the ideal short-trade around 1405.

It wasn't until it moved below 1393 that it was safe to say that the move down would occur








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