S&P 500 E-mini Futures 15th September 2012

S&P monthly and Weekly cycles

As per previous Weekly report, the trend bias was up into the September highs...
after retesting the Weekly high breakout @ 1423 early in the Week (support)


These monthly highs can now form resistance @ 1464 (December futures), and result in next week starting with a 2-day reversal pattern back down towards 1445

However, if above 1464, the trend is following the break-n-extend pattern up into next week's highs @ 1485