S&P MonthlyUS markets continue to rise within each month timeframe.
My preferred option was for August to hit 1038 and reverse down into the 50% levels and then continue higher in the 4th Quarter towards the 4th Quarter highs.
Instead price continues to push upwards as each monthly close is above the monthly highs in July and August.
S&P WeeklyThe previous Week saw the S&P reverse down from 1038 and trading below support with the expectation price would continue down into the September 50% level...
However, with last Friday's close back above 1012, there was a high probability pattern that price would move towards 1041 this week...
Next week:- I would have to think there will be higher prices in September, but I'm looking for a 2-day reversal to begin the week from Friday's highs.
S&P 5-day pattern
