S&P 500 E-mini futures 4th June 2012 Daily recap

Trend guide the Red filter @ 1265

 UP 8.5 to 14 points

S&P 500 Weekly and Daily cycles

Nice set-up to start the day..

with precise lows on the filter @ 1265, and then a 14 point rise up towards the Weekly level @ 1282...

which formed resistance..

I still have the view that the S&P is moving towards 1249...

But the Weekly level @ 1282 comes into play from tomorrow, and whether there are more short-term gains or not

along with set-ups within the daily cycle.


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