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
