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'