S&P 500 E-mini Futures 24th December 2013

Primary & Monthly cycles

The S&P didn't precisely hit the support level @1749, but it nevertheless continues to follow the Primary Break-n-Extend pattern towards the 2014 highs, as part of Dilernia Principle from the 2013 highs.

For those trading the Primary trend, especially on Margin, I would begin to offload long positions around the 2014 highs/ January highs in the new year.

And then look for the forward trailing support levels within each Quarterly timeframe to move back in.

S&P 550 E-mini Futures 12th December 2013

S&P Primary & Monthly cycles

 The October 50% level support, as part of a 2-month wave pattern will complete around the November highs. This is a shorter pattern as part of the current 4th Quarter.

Therefore around November highs is a random Resistance zone in the current cycle (Previous Report)

As we can see the November highs have formed resistance and the cycles suggests that the trend will continue down into Support levels around 1749.

Long term trend bias is to continue towards the 2014 highs, as part of the 2013 Primary breakout.

Short-term support 1749 in the 4th Quarter.

Long term support in the 1st Quarter is 1665

S&P E-minis Futures 2nd November 2013 Monthly Report

S&P Primary & Monthly cycles

Trend bias is to continue towards the 2014 highs...

 The October 50% level support, as part of a 2-month wave pattern will complete around the November highs. This is a shorter pattern as part of the current 4th Quarter.

if price actually hit the 4th Quarterly support, then expectation would be a trend that would rise for the next 3-6 months.

Therefore around November highs is a random Resistance zone in the current cycle.

S&P E-mini Futures 1st October 2013 Monthly Report

S&P Primary & Monthly cycles

September remained stable, as it rose upwards from the monthly 50% @ 1630 level towards the September highs @ 1732.

The Primary trend suggests a continuation towards the 2014 highs, as the FED continues to pump money into the economy.

October 50% level is the Support level, but with the start of the 4th Quarter, we once again look for long term BUY zones.

Therefore, if below 1679, BUY zones remain around 1605-1616

S&P 500 E-mini Futures 1st September 2013 Monthly Report

S&P Primary & Weekly cycles

Primary cycles suggests the trend will continue up into the 2014 Yearly highs...

Short term trend will be defined by the September 50% level@ 1630 that could see the trend remain stable.

However, the most robust pattern would be a move towards the 4th Quarterly 50% level around 1586 and then a continuation upwards.

S&P 500 e-mini Futures 3rd August 2013 Monthly Report

S&P Primary & Weekly cycles

As noted in the previous Report, the Primary cycles is driving the S&P towards the 2014 highs...

There is random Resistance around the August highs, with short-term Support around the Weekly lows @ 1671.

Note:- long term support resides around the Quarterly supports zones, if there is any weakness around the 'September- October' timeframes.

Current Support in the 3rd Quarter is around 1504, but in the 4th, just like in 2012, the support is dynamically moves upwards to 1586 (confirmed in October)

S&P 500 E-mini futures 29th June 2013 Weekly Report

S&P Primary & Weekly cycles

As noted in the last report, the Weekly 50% level is helping drive the short-term patterns, with a trend bias to move towards the Support levels in the Primary cycles:- 1504-1524

The Market remains above the 2013 highs, therefore the Primary cycles remain bullish, and current price action is seen as a pull back into Support, with the expectation it's going to continue higher into 2014.

Therefore, next week's 50% level will define whether the trend continues down, or not

S&P 500 E-mini futures 8th June 2013 Weekly Report

S&P Monthly & Weekly cycles

S&P holding Monthly cycle support:- 5-day range pattern..

At this stage it looks like the trend remains bullish.

However, a sell off from the Weekly 50% level next week resulting in a break of Support is a bearish sign for a move towards the 3-month lows :- 1520  to 1496

S&P 500 E-mini Futures MAY 2013

S&P Monthly and Weekly cycles

As mentioned in the last report 4 weeks ago....

My view is that there's more chance that the S&P will continue higher in the last week of April & into the start of MAY:- HIGHER HIGHS. if I'm right, it should remain above 1571....

It did remain above 1571 in the last week of April, and then made a play for the MAY highs, which didn't form resistance in the way it normally does. Often the Monthly trend will fail to make more gains above the cycle highs (1658).

Keep an eye on the next 5-day as the market completes the MAY cycle and moves into the June cycle and a shift in Support levels...

Therefore the trend guide is going to be defined by the Weekly 50% level @ 1640

S&P 500 E-mini Futures 27th April 2013

S&P 500 MONTLHY & Weekly cycles

My view is that there's more chance that the S&P will continue higher in the last week of April & into the start of MAY:- HIGHER HIGHS

if I'm right, it should remain above 1571....

if below 1571, then the Weekly 50% level is seen as support.

NOTE: THIS IS THE LAST REPORT FOR A NUMBER OF WEEKS. HEADING O/S FOR HOLIDAYS.

S&P 500 E-mini Futures 20th April 2013

S&P 500 Monthly & Weekly cycles

The S&P is trading around the Weekly lows, and look to be consolidating into the end of this month and the start of MAY, that aligns with the MAY 50% level, currently @ 1541.

Any upside next week & there are two resistance levels:- Weekly 50% level @ 1558

& the highs @ 1571. (14 points)

And weakness, and there are two Support levels @ 1520 & 1510  (14 points)

S&P 500 E-mini Futures 13th April 2013 Weekly Report

S&P Monthly & Weekly cycles

S&P obviously didn't move downward, but gathered strength once Monday started trading above the Weekly 50% level, helped by the Weekly high breakout @ 1567.

Two patterns at play next week, as to whether the trend continues with the Weekly break & extend pattern towards next week's highs @ 1599

Support @ 1571/74

Long term support resides around 1510-1520

S&P 500 E-mini Futures 6th April 2013 Weekly Report

S&P Monthly & Weekly cycles

1533 has held Support for the entire month of March, and now with the start of the 2nd Quarter, Support has shifted downward, towards 1510-1520....

Short-term trend will be defined by the Weekly level @ 1548...

Long term Support is around 1452, just in case things trip over in Korea and markets drop 'flash-crash'

S&P 500 Futures 23rd March 2013 Weekly Report

S&P Monthly & Weekly cycles

"Any weakness in the latter half of this month & 1533 is seen as Support" Previous Weekly Report

Weakness hit the markets as the Cyprus banking crisis began to unfold, sending the trend down into 1533, which ended up supporting the S&P 500.
If the trend is going to move up once again towards the March highs and then the April highs, the two trend guides are based on the Weekly levels....

Weekly 50% level @ 1542 & 1557

S&P500 E-mini Futures 16th MARCH 2013

S&P Monthly & Weekly cycles

MARCH highs @ 1567 could form resistance, but more than likely continue towards new highs in April.

Any weakness in the latter half of this month and the close of the 1st Quarter & 1533 is seen as Support

S&P 500 9th March 2013 Weekly Reports

S&P Weekly cycles

S&P completes the March high target @ 1548.

There's a breakout of the Weekly highs @ 1533 and often that can extend up into next week's highs @ 1564....

However, there's a Friday high pattern and if it's below 1548, then there's a short-term (2-day) pull-back into 1533/34

1533/34 is seen as a multi-day Support level.

S&P 500 E-mini futures 2nd March 2013

SPI Monthly & Weekly cycles

S&P continues to remain in an upward trend:- Target March highs.

We saw a break of the Weekly lows earlier this week, but it didn’t precisely hit my downward target of 1474, but as we can see, it has quickly resumed its upward trend.

What we also notice is that the past 4 weeks price has struggled to break the random Resistance zone around 1520, but that's now pushed up into 1533 in March

Therefore there is still the possibility that there’s downward pressure towards 1474, which is now matched with the MARCH 50% level, and then continue up into the MARCH & then the April highs

1474 is seen as Support

S&P 500 E-mini Futures 24th February 2013

S&P Weekly cycles

Breakout of the January highs completed the break-n-extend pattern in the February highs @ 1530

Current price action and Support around the Weekly lows on Thursday now sets up the S&P to continue to move upwards and follow the montlhy cycles in March:- higher highs.

There is a random resistance level around 1521, and if it fails to break that level for the next 5-days, then early in March there could be a short & swift move down into 1474, as part of retesting the January highs...

and then the trend should continue to move upwards for the rest of 2013.

S&P 500 E-mini Futures 16th February 2013

S&P 500 Monthly & Weekly cycles

S&P trading around Random Resistance @ 1520....

I still have the view that it will retest the trailing Support:- first target Weekly lows...

but anything above 1520 next week and it will continue to climb towards the February highs @ 1531-1557 

S&P 500 9th February 2013 Weekly Report

Monthly & Weekly cycles

Random Resistance around 1520/21

with the Expectation that US markets will retest the January high breakouts, which are matched with the Weekly lows (1474/81) Support

S&P 500 E-mini Futures 3rd January 2013

S&P Monthly & Weekly cycles

My view last week was for the market to move back down into the 5-day lows and then continue towards the February highs.

The S&P formed resistance early in the week, but it failed to reach those 5-day lows even after not-so-great Job numbers on Friday

If it  does continue to trend up towards the February highs @ 1530-1557, it will need to move above the random Resistance zone @1520

Whilst trailing 1st Quarter Support is @ 1455

S&P 500 E-mini Futures 26th January 2013

S&P 500 Monthly & Weekly cycles

As noted in last week's report, the trend was likely to remain above 1474 and continue to trend up into 1496 (Resistance)

my view is now is for the S&P to move down towards the 5-day lows, as a minimum move, but then continue to extend up into the February highs

It may continue to follow the Weekly cycles highs, but after 4weeks of not once retesting those 5-day lows, next week is the best chance as 1496 continues to act as resistance.

S&P 500 E-mini Futures 19th January 2013 Weekly cycles

S&P 500 Monthly & Weekly cycles

Weekly close above 1474 is likely to see the trend continue to push towards the Weekly and January highs @ 1496

Trend guide is now based on 1470.50

whilst those highs @ 1496 is seen as resistance.

S&P 500 E-mini Futures 12th January 2013

S&P Monthly & Weekly cycles

Trend bias is to continue higher, as per Previous Weekly report..

However, I still have some resistance around 1475...

Whilst the trailing Weekly levels are used for random Support zones.

S&P 500 E-mini Futures 5th January 2013

S&P Primary & Weekly cycles

Long term targets for 2013 are 1493 & then 1519

I would be taking profits my stock positions once the market reaches 1519...

& with long term support around 1380 & 1351...

Short-term:- trend bias is to move towards the January highs, which is seen as a random Resistance zone....

Whilst the previous Weekly highs @ 1437-43 as a reversal zone & Support during January