S&P 500 E-mini Futures 16th July 2012 Daily recap

Trend bias is UP...

Support:- Blue channel highs @ 1343

S&P 500 Weekly & Daily cycles

Early weakness into the channel highs @ 1343..

and then a weak 8.5 point rise up from Support.

Trend bias remains UP, as long as it's above the Weekly 50% level.