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