S&P (e-mini ) 27th November 2010 Weekly

The S&P has remained within the weekly levels and continues to trade above 1182, which is the critical trend guide for the 4th Quarter.

However, in the short-term the S&P 500 can continue to consolidate between the Weekly levels until the start of December.

Previous Weekly Report

S&P 500 (Futures)

S&P continues to consolidate around 1182 in the 4th Quarter and remain within the Weekly levels.

There is a Dilernia Drop in the forward monthly timeframe, therefore there is a bias to continue lower in the current month, which may move down towards the November levels @ 1161.25

However, the most likely outcome is the S&P continuing to consolidate over the new few days until the start of December.

If the S&P is going to continue upwards, then the most robust support level will be the levels in December and a push up towards higher highs in the first quarter

Bearish pattern would be anything below the December 50% levels, as the market would be rotating back towards the 2011 Yearly 50% levels (Primary cycle)

S&P (e-mini ) 20th November 2010 Weekly

S&P 500 Monthly and Weekly

We saw early selling come into the market this week, as price moved down and retested last months breakout of the October highs @ 1175 

The S&P has remained within the weekly levels and continues to trade above 1182, which is the critical trend guide for the 4th Quarter.

Whilst the market remains above 1182 the trend bias is up towards 1255...

However, in the short-term the S&P 500 can continue to consolidate between the Weekly levels until the start of December.

S&P (e-mini ) 13th November 2010 Weekly

S&P is likely to continue up towards 1255.

However, it might take a number of weeks to get to that level, as I believe the market will move back and trade once again within the Weekly ranges :- Orderly patterns.

Previous Weekly report

S&P Monthly and Weekly range

S&P has moved once again within the Weekly ranges (orderly patterns) and looks to be moving back towards the major support levels around 1182.

Higher Weekly open and trading below 1217.50 put pressure on the S&P to move towards a lower Weekly close, also helped by the Dilernia Drop in the forward Weekly timeframe (the trader trading book)

If the trend in the S&P 500 is going to continue towards 1255, then 1182 needs to hold support over the coming week or so

In the short-term (next week) we use the weekly levels in deciding which direction the market will go
Next week begins a new week from a lower Weekly open and around the Weekly 50% level, which can see the trend swing back towards the highs...

or drift down towards the Weekly lows:- support

S&P (e-mini ) 6th November 2010 Weekly

S&P 500

S&P has followed the November dynamics helped by a breakout of the weekly highs on the same day as the Fed announces the printing of $600 Billion to stimulate the economy.

S&P is likely to continue up towards 1255.

However, it might take a number of week to get to that level, as I believe the market will move back and trade once again within the Weekly ranges :- Orderly patterns.

That means that in the short term the market can continue towards next week's highs

But it can also mean that next week begins with a minor reversal pattern to retest the Weekly breakout & 1201.25.

Trend guide 1217.50

Major on the S&P is now 1182