S&P 500 E-mini Futures 21st February 2013 Daily recap

There are two larger cycles in Play.... #A) finds support at the Weeklys lows and then continues up into the March Highs:- forward month.   #B Continues down towards the January high breakout in both markets 1474    
S&P Weekly & Daily cycles

The Market completed the break & extend pattern from January's highs in a precise top in February @ 1530.

It has now reversed into the Weekly lows, and at this stage we are treating the trend as #A.

Any further weakness on a break of the Weekly lows will retest the January breakout @ 1474 and then quickly resume its upward trend.
   
  • 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