S&P Futures 8th June 2012 Daily recap

trend bias is to rise up towards the June 50% level. @ 1337

but not whilst it's below the Weekly 50% level & red filter @ 1313

Random Support daily 50% level and channel high @ 1301

S&P Weekly and Daily cycles

Market opened below the red filter, therefore there was a bias to move lower, as the market remained
below this level for 8 hours before the cash market opened.

Price then followed the overall Weekly cycles, as price continues to rise up from the June lows towards the June 50% level