S&P 500 E-mini Futures 30th October 2012 Daily recap

Daily cycles suggest move towards Tuesday's highs,(resistance) helped by a 4 hour close above the 5-day 50% level @ 1402

S&P Weekly and Daily cycles

Even though markets are closed, electronic trading still carries on...

Tuesday played out accordingly, rising up from the daily cycle levels @ 1397 & hitting the Tuesdays highs (Resistance)

Interesting pattern on Tuesday, as a Daily close above higher timeframe levels (October 50% level 1407.50 could see further gains on the last day of the month.

Therefore 1407.50 will decide if there's a move upwards or not.
 
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