S&P (E-minis) 1st August 2011 Recap

Weekly cycles have an upward bias during this week..

However, the Daily cycles suggests that there is a possible move down of 8.5 to 14 points

S&P Weekly and Daily cycles

The pattern of the Daily cycles came into play with a downward move that went further than the 14 points...

Reaching the Daily lows, along with the Weekly and Monthly 50% levels. (support)

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