but the position of the 4th Quarterly 50% level @ 1274 could continue to act as resistance over the next 5-days.
Previous Weekly Report
S&P Monthly and Weekly cycles
As per the previous Weekly report...
Trend bias is up, but 1274.50 acted as resistance
Next Week:-
more of the same, 1274.50 can act as resistance, as the market tries to move higher.
Weekly 50% level is the trend guide, along with short-term set-ups within the 5-day range, as per Daily reports.
Keep an eye for any weakness below the Weekly lows @ 1212
My overall view remains; a sideways consolidating pattern for the rest of the 4th quarter, as it tries to continue higher, along with swift short-term down moves of 2-3 days
