S&P 500 E-mini Futures Primary & Weekly cycles
Target is the Yearly highs @ 2145, you could see some resistance around 2103 and a retest of the 2016 50% level before it continues higher. (3 week's ago)
The S&P has reached 2103 and stalled forming a Weekly bar pattern that is called a 'NO CONTROL Pattern. This is where buying and selling around the extremes of the trend open and close in the middle of the 5-day range
When this occurs the trend can often continue in the following week as it breaks out of the range, and last for the next 2 weeks as a minimum, with the Target of 2145
However it can also go the opposite way, and take out the lows and move down into the Support zone @ 2002.
Another pattern is to be aware of is, if it moves above the 5-day range early in the week and fails and closes back inside the range, then begin looking for 'SHORT Trade set-ups using the 5-day 50% level, as it's more than likely going to go downward.
First target :- 2040 (June 50% level) then potentially 2002
