S&P 500 Daily Report 4th October 2012 Recap

Daily close above the Weekly 50% level, and the Weekly 50% level is seen as support for a move upwards

S&P Weekly and Daily cycles

S&P continued higher, as the Daily highs formed resistance...

Any further gains in US markets will be towards the upper Weekly levels @ 1464....

and then likely to continue upwards next week towards the October highs

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