S&P Weekly
As per last Week's report:- expectation of a 2-day reversal from the 3-week lows, and once above 1039 the bias was to move upwards, as part of the 4th trend towards the October highs:- Higher Weekly close.
Next Week:- I would think that Monday and Tuesday will push up towards the Weekly highs, and then look for some rotation back down into the Weekly 50% level
S&P 500 MonthlyThere is a breakout of the 3-monthly cycle in July and this pattern normally extends into the highs of the next 3-month cycle (October).
Things begin to get interesting once those highs complete in October because the Month of November and the creeping 50% level will let traders know whether the trend is going to go higher in the 4th Quarter, or the trend is going to reverse down and move into a 2-month rotation pattern back down (December)
