S&P 500 E-mini 5th October 2012 Daily recap

Trend bias is UP but I don't think it's going to break the Weekly level @ 1464 until next week:-

Target October highs but random resistance Friday's highs


S&P Weekly and Daily cycles

S&P completed the move up into 1464, and then hit resistance of 14 points downward

Weekly Report out now

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    S&P 500 Daily Report 4th October 2012 Recap

    Daily close above the Weekly 50% level, and the Weekly 50% level is seen as support for a move upwards

    S&P Weekly and Daily cycles

    S&P continued higher, as the Daily highs formed resistance...

    Any further gains in US markets will be towards the upper Weekly levels @ 1464....

    and then likely to continue upwards next week towards the October highs

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    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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