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.
   
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    S&P 500 E-mini Futures 19th February 2013 Daily Recap

    Trend guide remains the red filters with a bias to rise up into the Weekly & Monthly highs

    helped by Friday's low Support pattern (2-day rise)

    S&P Weekly & Daily cycles

    S&P continues to follow the Weekly cycles, and with Tuesday's breakout, likely to move up into Wednesday's highs, matched with the February highs



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