S&P 500 E-mini Futures 10th July Daily report

Random support Weekly 50% level..

Trend bias is up in early trading using the red filter...

A close below will push the S&P down into Tuesday's lows

S&P 500 Weekly and Daily cycles

Monday's Weekly 50% level support and the position of the red filter had a bias to rise upwards, which is what it did.

But as I pointed out in the Daily report, the DOW wasn't showing the same patterns, it closed below both the Weekly and Monthly 50% levels, therefore there was a hint that there could be further selling on Tuesday..

it just happened later in the day..

and the market now looks like it will continue to move down into the Weekly level @ 1319.50,
as part of a move towards the 3rd Quarterly 50% level @ 1301. (Red Weekly Report)


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