S&P 500 E-mini Futures 28th June 2012 Daily recap

Early trend bias is down (Red filter)

 4 hour close below the daily 50% level will put pressure on the market to fall further.

Current price action isn't a Weekly HOOK pattern

S&P 500 Weekly & Daily cycles

Wednesday's close above the Weekly 50% level wasn't a HOOK pattern because the price action didn't rise up from the 5-day lows.

Because of this reason, the trend bias was down guided by the red filter & then confirmed by the 4 hour close below the daily 50% level...
resulting further weakness into the daily channel lows @ 1309

The Rest of the day remained range bound, as the market consolidates into the end of the 2nd quarter.


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S&P 500 E-mini Futures 27th June Daily recap

Daily cycles suggests Wednesday is going to rise upwards..

 Random resistance blue channel highs @ 1326.50

S&P Weekly and Daily cycles

Even though the trend was bearish, as defined by the position of price and the Weekly 50% level.

The daily cycles suggested otherwise...

which resulted in the market rising upwards from 1313.50 into 1326.50,
and another 14 point range day.

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S&P 500 E-mini Futures 26th June 2012 daily recap

Weekly 50% level Resistance

 Monday breakout therefore there is the view that it will push lower

random support Red filter @ 1304.25

S&P Weekly and Daily cycles

Random support @ 1304.25 :- 8.5 to 14 points

Continues to remain below the Weekly 50% level:- Trend bias is down

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SPI Futures 26th June 2012 Daily recap

The SPI completes the break and extend pattern in the June lows.

These levels are now Random support zones until the end of this Week.

Random Resistance 3984

SPI Weekly and Daily cycles

Choppy trading day around Support

and below 3984

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S&P 500 E-mini Futures 25th June 2012 Daily recap

Weekly 50% level @ 1320 is the trend guide..

but the position of price and the daily levels suggests a move down in early trading

S&P 500 Weekly and Daily cycles

A move down has resulted in a breakout of Monday's lows...

and current price action suggests it will extend lower on Tuesday (Daily lows):- as part of a break and extend pattern in the daily cycles:- 1293


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SPI Futures 25th June 2012 Daily recap

Trend bias is down into the Weekly and Monthly lows in June.

 There is a breakout of Friday's lows, therefore there is an expectation that it will extend down into Monday' lows

Resistance 4017/22

SPI Weekly and Daily cycles

Monday sold down into the daily lows, completing the break and extend pattern from Friday...

and also completing the move down into the June lows, as part of the Quarterly cycle


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