S&P 500 E-mini Futures 28th April 2012

S&P Weekly cycles

April 50% level Support should in theory continue to extend up towards the Weekly highs @ 1410, and then the following Weekly highs after that. (approx 1422).

That expectation will be define by the Weekly level @ 1395

if not, then trailing support is around the MAY 50% level, matched with the Weekly level.

Trading set-ups will be found within the patterns in the Daily cycles (5-day range)