S&P 500 E-mini Futures 17th October 2012 Daily recap

Trend bias is UP (above the Weekly 50% level)...

There is also a breakout of Tuesday's highs which should continue up into Wednesday's highs

S&P Weekly and Daily cycles

As mentioned a couple of days ago, the trend bias was to continue higher on Tuesday, which resulted in a breakout of the daily highs...

This leads to more upside movement within the Daily cycles, helped by the 4 hour close above the daily filter @ 1449.75

Random Resistance the Weekly highs:- above that and target is the October highs.

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