S&P 500 E-mini 29th October 2011 Weekly Report

Consolidation above the October 50% level will help set-up further gains later in the week, as the trend follows the weekly cycles

And the current price action suggests the trend will continue towards 1274 by November


Previous Weekly Report

 

S&P Monthly and Weekly cycles

Break and extend pattern in the Weekly cycles should continue up into next week's highs, and then reverse back down into the this week's high, as part of retesting the breakout....

and as low as 1250.75

Once that occurs I'd be looking for further gains towards the November highs, using 1250.75 as support.

For those looking at the larger timeframe patterns, the trend bias will be based on the 4th quarterly 50% level @ 1274, as it will dictate whether the trend remains bullish, or rotates back down into the November 50% levels.

S&P 500 E-mini Futures 22nd October 2011 Weekly Report

likely to follow the Weekly cycles towards new highs


And whilst the trend is above 1184/1191, it's following a move towards 1274.50 by November

Previous Weekly report

S&P Monthly and Weekly cycles…

Consolidation above the October 50% level earlier in the weekly help set-up further gains later in the week, as the trend follows the weekly cycles

And  the current price action suggests the trend will continue towards 1274 by November

Once again the levels in the 5-day cycle should hopefully provide a number of ideal/high probability trading set-ups.

S&P 500 E-mini futures 15th October 2011 Weekly report

Weekly 50% level along with the patterns in the 5-day range (daily report) will decide on whether the trend continues up towards the monthly 50% level and upper weekly levels.

At this stage I can't see any bullish signs that's going to push the S&P towards 1274 during the 4th quarter. (Previous Weekly report)

                              S&P monthly and Weekly cycles.

We’ll now I can see the bullish signs that’s going to push the S&P towards 1274 during the 4^th Quarter…

That began with the consolidation above the October 50%  earlier in the week, and if you follow the Daily reports, the most robust set-ups aligned with Thursday’s support and Friday’s BUY set-up

http://thetradertrading.blogspot.com/2011/10/s-500-e-mini-futures-14th-october-2011.html

Next Week:- likely to follow the Weekly cycles towards new highs (double Weekly highs & Random resistance @ 1246.50)

Note:- Whilst the trend is above 1284/1291, it's following a move towards 1274.50 by November

Once again the daily cycles will provided set-ups within the 5-day range, as price moves within the lines of least resistance.

S&P 500 E-mini futures 8th October 2011 Weekly report

 the Weekly levels @ 1090 could provide another swing point...

but sometime during the next 4 weeks my view is that price will move down towards 1045.

Previous Weekly Report

S&P Monthly and Weekly cycles

The S&P formed a double low pattern in the 3rd quarter using 1090 as the swing/support level in the Weekly cycles  (Note:- Tuesday's 5-day lows @ 1068 were the precise low)

However, when we compare the price action in the S&P 500 to the price action in the Australian market, we can see the lack of strength in the market on Friday.

The Weekly close doesn't show the same bullish pattern, as it has failed to close above any key resistance levels

Next Week:- Weekly 50% level along with the patterns in the 5-day range (daily report) will decide on whether the trend continues up towards the monthly 50% level and upper weekly levels, or not

At this stage I can't see any bullish signs that's going to push the S&P towards 1274 during the 4th quarter.