S&P 500 E-mini Futures 1st May 2021 - Monthly Report

 

S&P 500 E-mini Futures

IT WON'T SURPRISE ME TO SEE PRICE MOVE UP TOWARDS 4332, EITHER BY  LATE MAY / JUNE

AND IF IT DOES MOVE THAT HIGH, I THINK IT WOULD BE WISE TO BE MOVING INTO CASH ON MOST ITEMS, INCLUDING CRYPTO 

It's trading above the 2021 highs at 4014, which matches the MAY 50% level.

I'd be surprised to see it below this level early in MAY, even though it could move down into the Weekly lows at 4107-17 (support)

The Target remains the 2nd Quarterly highs in MAY at 4332, which aligns hitting in MAY and it's own highs

After that, I'd keep an eye on any 5-day low breakouts.

S&P 500 E-MINI FUTURES 4TH APRIL 2021

 

S&P 500 PRIMARY AND WEEKLY CYCLES

S&P 500 COMPLETES THE BREAK AND EXTEND PATTERN FROM THE 2020 HIGHS INTO THE 2021 HIGHS.

IF FUTURES OPENS BELOW 4014, THERE COULD BE SOME SELLING PRESSURE, THAT CAN SEE PRCE BACK INTO THE WEEKLY LOWS.

EVEN A SLIGHT PUSH UPWARDS INTO 4072 & APRIL HIGHS, WILL GET SHORT SELLERS APPEARING.

IF IT BREAKS THE WEEKLY LOWS, THEN DOWNSIDE TARGET IS 3516.

HOWEVER, IT WON'T SURPRISE ME TO SEE PRICE MOVE UP TOWARDS 4332, EITHER BY  LATE MAY / JUNE

AND IF IT DOES MOVE THAT HIGH, I THINK IT WOULD BE WISE TO BE MOVING INTO CASH ON MOST ITEMS, INCLUDING CRYPTO