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.
