S&P Primary and Weekly cycles
December 50% level Support, and once above the Weekly 50% level @ 1231.50 the trend bias was to close higher.
Short-term the trend is likely to move towards 1274.50 once again.
However, any weakness next week, and the important pattern to keep an eye on it the new Primary 50% level for 2012.
Next Week:- Weekly level @ 1264 is the trend guide on whether the market closes higher.
or closes near the Weekly 50% level, which aligns with the 2012 Yearly 50% level from the 1st of January.
