S&P 500 Futures 7th MAY 2012 Daily recap

S&P looks like it could rise up from the Weekly lows @ 1347 and back towards 1356…

Whilst the DOW could rise up towards the Monthly 50% level.

Trade on the side of the red filter

S&P 500 Weekly and Daily cycles

Random support on the Weekly lows has seen the market move back towards the 5-day 50% levels and stall.

The most robust pattern would be to see the market rise as high as Friday’s breakouts @ 1380 (Weekly 50% level)…

But the MAY 50% level could form a random resistance zone



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