S&P 500 27th December 2012 Daly recap

My view is that the S&P is going to retest last Week's lows.

 This is helped by the patterns in the daily cycles

S&P Weekly & Daily cycles

As I've been saying for the past number of days, whenever there is a 'flash-crash' the market will retest those same lows in the following week.

Last Week we saw a mini flash crash on Thursday, and today's cycles help set-up further weakness down into the lower Weekly levels, which provided random support
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