S&P 500 E-mini Futures 4th MAY 2015 Monthly Report

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

S&P 500 E-mini Futures 30th March 2015 Report

S&P Primary Cycles

Is there more upside in the S&P 500?

The current price action in the Primary cycles suggests that the trend should continue higher, as part of the 2014 yearly breakout and extend towards the 2015 highs.

As we can see in the above chart, 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.

That level will be confirmed after this week completes and we move on the other side of Easter.

Therefore if there's continued weakness this week, then 2009 is the BUY zone, and then April comes into play next week.

(Read Australian Market Report)

S&P 500 E-mini DOW Futures 2nd March 2015 Monthly Reports

S&P 500 Primary & Weekly cycles

As mentioned in the previous reports, the trend bias is to continue towards the 2015 highs.

There's a Primary breakout in 2014 therefore there's an expectation that the break & extend pattern will continue towards 2133 :- Random resistance around the February highs. (2133-36)

Any weakness in the Short-term and the Weekly 50% level is seen as support until those highs are reached.

Areas of resistance:- 14 points +   

2133-36  /  2157  /   2178  

DOW Primary & Weekly cycles

Primary cycle 50% levels continue to drive the DOW higher, as part of the Primary pattern of Break & extend.

Areas of resistance :- 18448  /   18561  /   18770

S&P 500 E-mini Futures 9th February 2015

S&P 500 Primary & Weekly cycles

At the moment the Primary cycles continue to suggest a move towards the 2015 highs, with random resistance around 2091 that could act resistance for the next 2 months (1st Quater)

S&P 500 E-mini Futures 28 January 2015 Primary cycles

S&P 500 Primary & Weekly cycles

The S&P trading back above 1970 the bias is to remain up and follow another break and extend pattern towards the 2015 highs: January 50% level is the Support (Previous Report)

Primary Cycles suggests the S&P 500 is going to continue higher, as part of the 2014 breakout towards the 2015 highs, and as we pointed out the January 50% level was the support level and as we can see it has supported the market.

We are now coming into the end of the month and if the S&P 500 is going to continue higher, then the February 50% level (Next Week) is going to be the trend guide upwards.

Even though we can think of some many reasons why the Stock Market can reverse and move lower, technically there is nothing that suggests it will at this stage. (unless it's below the February 50% level)

READ GOLD & SILVER REPORTS

S&P E-mini Futures 1st January 2015 Primary report

S&P Primary cycles

As mentioned in the previous report, with the S&P trading back above 1970 the bias is to remain up and follow another break and extend pattern towards the 2015 highs.

Targets at 2133 (2015 highs), and potentially as high as 2177.

Once it reaches those highs we've basically trended upwards from the 2009 lows for nearly 6 years  without a major pullback, and a large number of well-known punters (ie George Soros) are already taking out large PUT option orders with the expectation that US markets will reverse.

However, as the US FED continues to print and pump money into the markets, then the bias is to continue to push upwards.

S&P Primary & Weekly cycles.

Short-term trend is defined by the Weekly 50% level @ 2032.

Whilst the January 50% level is the support zone in the current Quarter.

S&P 500 E-mini Futures 18th December 2014

S&P Primary cycles

 

From my previous report in October I wasn't expecting US markets to rise back above the 2014 highs (@1970) once again:- using 1922 as Sell resistance.

 

 However,  the 2-week support in October pushed the index back up above those highs resulting in Primary & Secondary cycles remaining bullish coming into the end of the year.

 

If we compare the Australian Stock Market Primary cycles and the current S&P trend they look to be moving in opposite directions, as the S&P is back above 1970 and potentially can rise up towards the 2015 highs, as part of another break & extend pattern.

 

In the short-term, whilst the S&P is above the 2015 50% level (1941) then the UP trend remains intact.