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.
