S&P 500 26th October 2012 Daily recap

Friday looks like it could rise upwards and retest the Weekly lows @ 1410, which are seen as resistance.

Trend guide red filter @ 1397

SPI Monthly & Weekly cycles

Friday rose upwards & stalled.....

Weekly report out now.



  • Daily Trading Set-ups & Analysis
  • Index Futures SPI, DOW S&P, & Forex
  • Subscribe to the Trader Premium
  • http://www.datafeeds.com.au/premiumtrader.html
    • Posted by

    S&P 500 E-mini 23rd October 2012 Daily report

    Even though I think US markets are trying to rise upwards again...

    Tuesday could move back down because of the patterns in the Daily cycles(Blue channels)

    S&P Weekly and Daily cycles

    Tuesday eneded up being a DOWN day, and the way the S&P has broken the Daily lows and is currently trading below the Weekly lows, my view of the S&P 500 remaining in an upward trend is now open to Risk.

    Wednesday's price action could end up being a Fake break, as the October 50% level @ 1407.50 continues to support the trend...

    but at this stage I wouldn't bet on it...

    Daily cycles for tomorrow should provide a better idea.

    • Daily Trading Set-ups & Analysis
  • Index Futures SPI, DOW S&P, & Forex
  • Subscribe to the Trader Premium
  • http://www.datafeeds.com.au/premiumtrader.html
    • Posted by
    Subscribe to: Posts (Atom)