S&P Monthly and Weekly cycles
As noted in the previous Weekly reports, around 1420-24 there is a ton of resistance.
That resistance has slightly been altered with the shift in the September highs upwards..
However, there is still the potential for the S&P to rotate down towards the Weekly lows & also 1387...
Trend guide is simply the Weekly 50% level @ 1407...
whilst critical support remains around 1387/92
anything below that and September will be following a monthly break and extend pattern downward into October (MAJOR SUPPORT 1303.50)
