S&P 500 E-mini Futures 5th June 2022 Monthly Report

 

S&P 500 Yearly & Weekly Cycles

The Target on the downside is the Yearly lows of 2022 

3830 - 3689

I would expect these levels to hold for the rest of this Quarter and probably provide June support.

Right into the 2022 Yearly lows and a decent bounce up into the June 50% level (I was expecting #Bitcoin to do the same)

The trend for the rest of the quarter will be based on the 2nd Quarterly lows of 4109.

It's either going to form support and push higher...

or

The June 50% level and the same Quarterly lows, form resistance into July and the start of the 3rd Quarter. 

S&P 500 E-mini Futures MONTHLY REPORT 11th May 2022

S&P 500 Yearly & Primary Cycles.

Once back under the Yearly 50% level and April 50% level it was all down hill.

MAY LOWS is a random support level, as often we can see 2nd weekly support patterns that rise up into the Weekly 50% level or highs and then sell down on the 3rd week.

The Target on the downside is the Yearly lows of 2022 

3830 - 3689

I would expect these levels to hold for the rest of this Quarter and probably provide June support.

The risk of the Yearly lows breaking most likely occurs late in the 3rd Quarter going into the 4th, which will result in a break and extend pattern in the Yearly range - 2023

Which often bottoms out in the 1st Quarter of 2023 and the end of the Bear Market

 

S&P 500 E-Mini Futures 4th April 2022

 

S&P Yearly and Weekly Charts

Whilst above the April 50% level, Target 2nd Quarter highs @ 4869

S&P 500 E-MINI FUTURES 6TH MARCH 2022

 

S&P 500 PRIMARY AND WEEKLY CYCLES

S&P 500 is in a Bear trend with the expectation that it's moving down down towards the 2022 lows later in the year. (Below the 2022 50% level)

Often when there is a double bottom in the monthly cycles (January & February), the month of March (3rd Month) can often have an upward bias to around 4500

However, I just can't see a fundamental picture that screams Bullish, and certainly not technically. 

S&P 500 E-mini Futures 7th February 2022

 

S&P 500 YEARLY AND WEEKLY CYCLES

If there's early selling pressure at the start of January, then it's down into the 2022 50% level at 4405, then look for a potential bounce to follow the trend towards those 2022 highs

PREVIOUS REPORT

CURRENTLY SUPPORTED AROUND THE 2022 50% LEVEL

Looking at support in the Yearly range, as well as bouncing off the January lows, we would now look for a move higher, as long as it's above the February 50% level.

However, It would not surprise me to see February actually choppy going into March.

With February closes below the Yearly 50% level, then there's pain ahead. 

S&P 500 E-mini Futures 4th January 2022

 

S&P 500 Primary & Weekly Range

Completes the 100% range of the 2021 range and likely to move higher in the 1st Quarter towards the 2022 highs - 

You wouldn't want to be buying around 4879 -5006

If there's early selling pressure at the start of January, then it's down into the 2022 50% level at 4405, then look for a potential bounce to follow the trend towards those 2022 highs

S&P 500 E-mini Futures 5th December 2021

 

S&P 500 Primary & Weekly Cycles

Reversal from the 4th Quarter highs and down into the December 50% level.

It's not 'bearish' yet.

Above the December 50% level and likely consolidation going into the end of the Year.

Push down next week and likely to see continued selling pressure into 

1. 2021 Yearly highs @ 4014

2. drift down towards the 2022 50% level, which could result in a pump early in the new year to new 2022 highs