S&P 500 E-mini Futures 27th August 2012 Recap

Resistance 1415..

My view is that US markets are moving lower


S&P Weekly and Daily cycles

S&P hits 1415 and stalls....

As per Weekly report, there are two patterns at play...

#A) continues down into the Weekly lows & breaks

#B) finds support at the Weekly 50% level, and then continues to push upwards into September.

Tuesday's price action will let a lot, and I'm hoping for the former.




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