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
