S&P (E-minis) 14th August 2011 Recap

Weekly cycles suggest an upward trend...

However, the Daily cycles are mixed, and not showning the same pattern


S&P Weekly and Daily cycles

Tuesday's highs formed resistance...

and the rest of this week will be based on how well the Weekly level @ 1394 will form  further support after failing to continue higher...

and Tuesday closing below the Daily 50% level. 






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