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

Trend bias is Up using the daily red filter, but the 5-day 50% level is seen as resistance....

That's because of Friday's daily top & reversal pattern:- 2-day reversal

S&P Weekly and Daily cycles

Small range day between the levels in the Daily cycle,

as price stalls at the 5-day 50% level @ 1411.75

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