Weekly cycles :- keep an eye on price trending above 1282, this could attract buying towards the Weekly 50% level.
S&P Monthly and Weekly cycles
S&P found support in the Weekly cycles (June lows), and proceeded to move back towards the June 50% level, which is seen as resistance @ 1337.
I'd be more confident in further gains in the S&P 500 if price had already hit 1249 (2nd Quarterly 50% level).
However, if it's above 1337 next week, then the S&P is making a play for 1354.
Note:- keep an eye on the set-ups within the daily cycles (8.5 to 14 points)
