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