S&P 500 E-mini Futures 25th MAY 2015

                                                          S&P 500 Primary cycles

 As we’ve seen the S&P has completed the move into 2133 and stalled 14 points.

As noted in the previous report, unless there’s a breakout of the 5-day lows, it is too early to tell whether the trend will reverse and continue lower (now a tight 5-day range)

Above 2133, and it’s following the secondary timeframes towards the June highs (Random resistance 14 points) & as high 2175 (Robust resistance)

S&P 500 E-mini Futures 4th MAY 2015 Monthly Report

As we can see in... 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. (Read Previous Report)

S&P 500 Primary & Weekly cycles 

As we can see, the S&P rose upwards right on the start of April using the Weekly timeframe @ 2039)

The trend bias is for the S&P to continue upwards and complete the first target @ 2133 (2015 Yearly highs).

Weekly 50% level is the trend guide @ 2095.50

It's too early to tell whether to be shorting 2133 other than 14 points, as you will need to look for patterns within the 5-day range using as resistance:- 5-day 50% level and 5-day low breakouts. (Discussed in detail in book)

Therefore in the month of MAY there are 3 resistance zones:- 2133, 2155, and major resistance @ 2177