S&P 500 E-mini Futures 3rd November 2012

S&P Monthly & Weekly cycles

Trend bias is down, with the first support level @ 1386, that could lead to a 1-3 day rise.
There could be further gains, but that will depend on the patterns in the Daily cycles

However,  a move down into the 4th Quarterly 50% level @ 1375 is expected...