S&P 500 E-mini futures 15th October 2012

US markets look like they will rise upwards and retest the daily 50% levels before the CASH market opens...
using the red filters in the Daily cycle as trend guides @ 1420

S&P Weekly & Daily cycles

As noted in the Weekly Report, October 50% level in the monthly cycles @ 1416.50 had random support...

Monday was then helped by the price action in the daily cycles @ 1420 sending the S&P upwards before the cash market openned.

The Daily 50% level then formed resistance, but the Weekly level @ 1422 came into play for more added support.

my view is that Tuesday will continue to trend upwards
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