S&P 500 E-mini Futures 21st June 2012 Daily recap

Trend bias is up whilst the market is above the June 50% level @ 1337

 however, the daily cycles aren't showing the same bullish patterns

S&P 500 Weekly and Daily cycles

 DOWN day without providing any ideal short-trade set-ups along the way.

the Market was above Support @ 1337/39

and the four hour 'closes' within the daily cycle didn't  retest the daily levels to get into short positions.

Note:- breakout of Thursday's lows should extend down into Friday's lows, and the Weekly 50% level

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