S&P 500 e-mini Futures 1st October 2012

S&P 500 looks like it's going to move up from the lows into the Weekly 50% level:- Resistance

S&P Weekly and Daily cycles

Early rise up from the Weekly level and Daily channel towards the Weekly 50% level @ 1446.

Weekly 50% level has formed resistance, and as per my view in the Weekly report, the trend bias is down before it goes up.

That's going to be helped by price action in after hours before the cash market opens.

However, if the CASH market opens above the Weekly 50% level, then all bets are off





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