S&P 500 E-mini Futures 23rd July 2012 Daily recap

Weekly 50% level and Daily cycles suggests the trend is continuing down into Monday's lows.
Monday's lows:- Random Support
S&P Weekly and Daily cycles

Monday started off with a Sell pattern down into Monday's lows by the time the CASH market opened.

Monday's lows and the Weekly level @ 1332.75 provided a random support pattern back up into the July 50% level @ 1346..

and then further weakness into the close.

This week now looks like it's going to continue lower, and possibly move down into the 3rd Quarterly 50% level @ 1303 by August.


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