S&P 500 Primary and Weekly Cycles.
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 (Previous Report)
The S&P 500 has followed the Classic set-up of retesting support @ 2002 and then continuing higher as part of the move towards 2145 and the 2016 Yearly highs.
There will be random resistance around the August highs @ 2203, but keep in mind I'm expecting the UP trend to continue higher into 2017 with short-term pullback along the way.
