S&P500 E-MINI FUTURES 7TH AUGUST 2022

 

S&P 500 PRIMARY CYCLES

1ST target reached and a July close above 4082 should see further gains in August to retest 4,287.

A bullish Market will reached 4410 in the last week of August

An Extremely Bullish Market will break higher in September in the 2nd week.

A bearish Market will fail around the 2022 50% level 4449,

and September closing below 4287.

If that happens, step aside, because my view of a Bear Market will be down into 2023 1st Quarter around 2,800

S&P 500 Emini Futures 2nd July 2022

S&P 500 YEARLY CYCLES

3671 has supported price and now has moved into July, with current support  around 3,751

If it follows similar patterns as 2018 and 2022, then we are looking for moves towards retesting the break of 4,287 and also the Yearly 50% level at 4,400

1st Targets 50% levels.

Price is consolidating around the 2022 Yearly lows, and even though they can fail, it normally happens in the last Quarter going into the 1st Quarter of 2023 - Break Extend Pattern

Fundamentally, there's so much bad news around that further weakness can see prices much lower, CRASH - 2,731

Upside moves will be confirmed with a break of the Weekly highs, 

which match the July 50% level 4,003

 

S&P500 Emini Futures 17th June 2022 Updated Report

 

S&P 500 Primary Cycles

Not surprised to see it spike down to 3257, as it did in 2020, but it's from July we begin to look for counter-trend moves If trading around 3257 coming into the end of the 3rd Quarter, there's a world of pain going into 2023 and much lower prices, which would be a 2022 Break & Extend Pattern down into new lows for 2023

S&P 500 Monthly Charts

We're coming down into levels that have previously provided a Target and also the Break & Extend Patterns from one Quarter into the Next. (3rd Quarter)

Similar Patterns in 2018 and also 2020

Down Target 3671 that may spike down to 3,257 Once we move into the 3rd Quarter, we begin to look for a retest of the break up at 4287.

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.