the trend will often continue to move up towards the monthly highs, and then proceed to new highs in the 2nd Quarter (April). This is what I call a text book pattern. (Principle) (Previous Weekly report)
S&P Weekly cycles
2-day reversal pattern started & completed early last week, with the Weekly 50% level @ 1360.50 providing support for a move towards the March highs @ 1402...
and any further gains in April could be as high as 1426.
Next Week:- there is a breakout of the Weekly cycles that could extend up into next week's highs @ 1410.25 (Resistance)...
And the ideal pattern would be a retest of last week's breakout which matches the Weekly levels (1382-85)
1382-85 is seen as support
