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.