S&P 500 E-mini Futures 1st August 2012 recap

I continue to be bullish as long as it remains above the Weekly level @ 1373.75.

However, the daily cycles aren't showing a bullish set-up...

 

S&P Weekly and Daily cycles

Wednesday began to rise up from the Weekly level...

but the daily cycles weren't in sync, and now we have a daily close below that key level..

which could result in weakness on Thursday

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