S&P (E-minis) 30th August 2011 Recap

S&P's Daily close below the Weekly 50% level and the position of the daily cycles favours a 'drop'

 
S&P Weekly and Daily cycles

S&P's pattern of moving lower fits in with the previous Weekly reports of moving down into the Weekly lows.

So far it hasn't broken those lows to help verify further weakness.

Random Support :- Weekly lows


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