S&P 500 E-mini Futures 18th December 2014

S&P Primary cycles

 

From my previous report in October I wasn't expecting US markets to rise back above the 2014 highs (@1970) once again:- using 1922 as Sell resistance.

 

 However,  the 2-week support in October pushed the index back up above those highs resulting in Primary & Secondary cycles remaining bullish coming into the end of the year.

 

If we compare the Australian Stock Market Primary cycles and the current S&P trend they look to be moving in opposite directions, as the S&P is back above 1970 and potentially can rise up towards the 2015 highs, as part of another break & extend pattern.

 

In the short-term, whilst the S&P is above the 2015 50% level (1941) then the UP trend remains intact.

 

 

S&P 500 E-mini Futures Weekly Report 18th October 2014

Primary trend continues to remain stable, as it head up towards the 2014 highs. I would being to off load any margin positions around those highs and move to the sidelines, and wait for the next pullback in the Quarterly cycles

Previous Weekly Report

S&P 500 Primary & Secondary Cycles

 

S&P completed the Primary break & extend pattern from the 2013 highs and into the 2014 highs.

 

As noted in the previous report, the secondary ( 4-Quarter) cycles are now driving the trend downward, helped by the negative sentiment around the globe (ISIS & EBOLA).

 

This Primary cycle has just over 2 months to run into the end of the year, and I'd be surprised to see it trading back above those 2014 highs & Quarterly 50% levels around 1922 (Sell Resistance).

 

There is support in the market that can last for the next 2-weeks as market look to test resistance levels...

 

And then potential weakness occurring in November, if it begins following the 2-month wave pattern towards the lows using the 50% levels as the trend guide.

 

 

 

 

S&P and DOW futures 7th April 2014 Monthly Report

Primary trend suggests further gains towards the 2014 highs, as part of the 2013 break & extend pattern (Dilernia Principle)

Personally I would begin to unwind any margin LONG positions around those highs.
 Previous Monthly Report

S&P 500 Primary and Weekly cycles

 

Primary trend continues to remain stable, as it head up towards the 2014 highs.

 

I would being to off load any margin positions around those highs and move to the sidelines,

and wait for the next pullback in the Quarterly cycles, as illustrated in the next chart

 

DOW Primary cycles

 

The DOW is following text book Dilernia Principles, as it follows the Primary breakout in 2013 towards the 2014 highs, whilst the Quarterly dynamic support levels provide the precise re-entry points. Once again I would look to offload Margin positions around those yearly highs..

S&P 500 E-mini futures 3rd march 2014 Monthly Report

S&P Primary cycles

Primary trend suggests further gains towards the 2014 highs, as part of the 2013 break & extend pattern (Dilernia Principle)

Personally I would begin to unwind any margin LONG positions around those highs.

S&P Weekly cycles

MARCH 50% level is the trend guide and support within this current BULL trend.

S&P 500 E-mini futures 4th February 2014

S&P 500 Primary & Weekly cycles

Random Support around the February lows @ 1732, as part of a Primary breakout in 2013 and with the view towards the 2014 highs....

However, it will now need to be validated with a 3-week high breakout in the last month (MARCH) of the 1st Quarter in MARCH.

Short-term patterns will be based on the 5-day cycles and the levels in the Weekly cycles.

Long term support resides around 1670, but that moves up to 1730 in April.