S&P Monthly and Weekly
Last week's view was that price would rise up early in the first two day and then 1073 would play a major resistance role.
As per the Premium Report, there was the view that Wednesday's 5-day pattern set-up would reverse back down into the Weekly 50% levels and a lower Friday close.
There is also an expectation that 1038 in the S&P is a critical support level.
Based on the current price action I'm favouring a lower Weekly open with the bias to move upwards over the next 2-days.
At this stage I'm leaning to higher highs in October, but in the short-term I want to see where Wednesday closes (end of September).
At this stage I'm not convinced that the 4th Quarter will continue to move upwards of the next 3-months, but if it does it needs to begin to consolidate above 1073.
