S&P Monthly and WeeklyS&P has remained with its upward trend, as it moves towards the January highs @ 1280.
There is a larger Primary cycle that could see the S&P around 1300, as per previous report....
However, for the market to continue to move towards that high it would first need to visit the Weekly lows, which are currently @ 1238.
Next Week:- the trend guide is 1265.25, which will determine whether the S&P continues up towards the January highs @ 1280
Or moves down into support levels:- Weekly lows @ 1238.
Based on Friday's price action and support using the Daily lows, my view is that next week will begin with the trend trying to move upwards over the next 2-days.
How far Tuesday/Wednesday travels will determine whether price continues towards the January and then February highs.....
or a failure to remain above the Weekly level @ 1265, puts pressure on the market later next week.
