S&P 500 E-mini Futures 30th March 2015 Report

S&P Primary Cycles

Is there more upside in the S&P 500?

The current price action in the Primary cycles suggests that the trend should continue higher, as part of the 2014 yearly breakout and extend towards the 2015 highs.

As we can see in the above chart, the trailing support (Yellow) provides the ideal zone to enter the market, and if the trend is going to continue higher then the APRIL level becomes the zone to keep an eye on.

That level will be confirmed after this week completes and we move on the other side of Easter.

Therefore if there's continued weakness this week, then 2009 is the BUY zone, and then April comes into play next week.

(Read Australian Market Report)

S&P 500 E-mini DOW Futures 2nd March 2015 Monthly Reports

S&P 500 Primary & Weekly cycles

As mentioned in the previous reports, the trend bias is to continue towards the 2015 highs.

There's a Primary breakout in 2014 therefore there's an expectation that the break & extend pattern will continue towards 2133 :- Random resistance around the February highs. (2133-36)

Any weakness in the Short-term and the Weekly 50% level is seen as support until those highs are reached.

Areas of resistance:- 14 points +   

2133-36  /  2157  /   2178  

DOW Primary & Weekly cycles

Primary cycle 50% levels continue to drive the DOW higher, as part of the Primary pattern of Break & extend.

Areas of resistance :- 18448  /   18561  /   18770