S&P 500 Primary & Weekly cycles
Therefore SHORT selling zones reside around 2027
I'd be reluctant to trade on the long side, even if it's above 1960, and look for short-trading opportunities using the 5-day patterns resistance zones, as clearly described in my book:- Market Trading Market Timing 'TIME PRICE SUPPORT RESISTANCE' (Previous Report)
The S&P 500 didn't reach 2027, as hoped for, as part of retesting the breakout, however as noted in the previous report, I'd be reluctant to be trading on the long side and focus on short-trading using 5-day patterns (5-day cycles and resistance zones)
At this stage the 2015 50% level and 1969 is seen as resistance, with the expectation there's a continuation downward towards 1777 during the 4th Quarter and into 2016.
