S&P Monthly and Weekly cycles
The S&P has finally reached it's Quarterly 50% level, which is seen as a major support zone...
Therefore if the market is going to rise, then it needs to begin to trade back above 1382/86
The only short-term pattern that doesn't reflex support is the Weekly close below the Weekly lows @ 1386
This could result in a continuation of the break-n-extend pattern towards next week's lows @ 1356.
