S&P 500 E-mini Futures 5th June 2012 Daily recap

Are US markets going to continue upwards this week, as part of price rising from the June lows towards the Weekly 50% level?

I would have to favour a move upwards:- trend guide 1275

S&P Weekly and Daily cycles

Choppy in early trading, but the June lows provided the support for Tuesday to rise upwards.

Weekly level @ 1282 now comes into play..

and whether the trend continues to rise up towards the Weekly 50% level by Friday