S&P 500 E-mini Futures 13th October 2012

S&P Monthly and Weekly cycles

As noted in last week's report, the S&P began with a 2-day reversal helped by the price cycles in the Daily chart on Tuesday

that resulted in a 5-day breakout and expectation that it would continue lower on Wednesday.

Next Week:- There is random Support around the October 50% levels

with long term support @ 1374.50