S&P 500 E-mini Futures 28th April 2012

S&P Weekly cycles

April 50% level Support should in theory continue to extend up towards the Weekly highs @ 1410, and then the following Weekly highs after that. (approx 1422).

That expectation will be define by the Weekly level @ 1395

if not, then trailing support is around the MAY 50% level, matched with the Weekly level.

Trading set-ups will be found within the patterns in the Daily cycles (5-day range)

S&P 500 E-mini 21st April 2012 Weekly Reports

S&P Weekly cycles

April 50% level @ 1361 continues to Support the trend....

and coming into the last week's of the month, traders should begin to look for patterns that suggest the trend is going to move up towards the MAY highs

or the Weekly 50% level sends price down into the Weekly lows @ 1347.

Next Week's trend guide is the Weekly 50% level @ 1380

S&P 500 E-mini Futures 14th April 2012

The reversal pattern is towards the Apirl 50% level (Weekly lows).

That down move will be defined by next week's level @ 1378.50...

1361-1364 is seen as a random Support zone

However, don't be surprised to see the Trend as low as 1347 (SUPPORT)... Previous Weekly Report

S&P Weekly Cycles

1378.50 pushed the market down into the Weekly lows & the April 50% level, which formed a random support zone for the Week.

As we can see, the Weekly cycles now suggest the Trend will continue down into next week's lows, which aligns with a potential Support zone during the current Month @ 1345/47

Trend guide 1369

S&P 500 E-mini Futures 7th April 2012

my view is that the trend will push up towards the April highs, as shown in the Weekly cycles.

However, once that's completed, the trend will be begin to reverse down towards the trailing monthly 50% levels, as the first targets:- 1361. (Previous Weekly Report)

S&P 500 Weekly cycles

Sadly the S&P didn't reach the highs @ 1424-28, as this was my ideal 'short-trade' zone for the current reversal towards the April 50% level.

As noted in last week's report, the reversal pattern  is towards the Apirl 50% level (Weekly lows).

That down move will be defined by next week's level @ 1378.50...

1378.50 will also be the trend guide on any short-term counter-trend move upwards within the 5-day cycle.

1361-1364 is seen as a random Support zone

However, don't be surprised to see the Trend as low as 1347 (SUPPORT) if it begins to trade below 1361