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
