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 4th 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.
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