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

S&P 500 Primary & Weekly cycles

US Index markets look like they are well supported going into the end of the year and into the start of 2016.

Support:- 2000-2010, if there's early weakness in November. (Previous Report)

The S&P 500 moved down early in November, found support around 2000-2010, and now looks like it will try for a move up towards 2133 (Random Resistance)

S&P 500 E-mini Futures 1st November 2015

S&P Primary and Weekly cycles

I certainly wasn't expecting the S&P to move back above the October & 2015 50% level for the rest of the year.

I was expecting the break and extend pattern to play out using those same two levels as resistance and for the trend to continue down into the Yearly lows.

US Index markets look like they are well supported going into the end of the year and into the start of 2016.

Support:- 2000-2010, if there's early weakness in November.

Resistance 2133-42 (Random starting with 14 points)

S&P 500 E-mini Futures 4th October 2015

S&P 500 Primary & Weekly cycles

Therefore SHORT selling zones reside around 2027

I'd be reluctant to trade on the long side, even if it's above 1960, and look for short-trading opportunities using the 5-day patterns resistance zones, as clearly described in my book:- Market Trading Market Timing 'TIME PRICE SUPPORT RESISTANCE'  (Previous Report)

The S&P 500 didn't reach 2027, as hoped for, as part of retesting the breakout, however as noted in the previous report, I'd be reluctant to be trading on the long side and focus on short-trading using 5-day patterns (5-day cycles and resistance zones)

At this stage the 2015 50% level and 1969 is seen as resistance, with the expectation there's a continuation downward towards 1777 during the 4th Quarter and into 2016.

S&P 500 E-mini Futures 12th September 2015 Monthly Report

S&P 500 Primary Cycles.

As noted in the previous report, BEAR Patterns are appearing in markets right around the globe. What that means is that there is further weakness to come.

There are two plays coming into the end of the 3rd Quarter and the start of the 4th Quarter in October.

1. Short term buying and a retest of the August break out at 2027, which sets-up a perfect SHORT zone for the rest of 2015

2. the sell off continues from October and follows the break & extend pattern down to the 2015 lows @ 1777 and into the start of following Primary cycle low in 2016.

Therefore SHORT selling zones reside around 2027 & 17082 in the DOW....

I'd be reluctant to trade on the long side, even if it's above 1960, and look for short-trading opportunities using the 5-day patterns resistance zones, as clearly described in my book:- Market Trading Market Timing 'TIME PRICE SUPPORT RESISTANCE'

S&P 500 E-mini Futures 24th August 2015

S&P 500 Primary & Weekly Cycles

Last Thursday's breakout of the Weekly lows @2054 has help set-up a break and extend pattern towards this week's lows @ 1921.

It has also seen the S&P 500 move back into the 2015 50% level after reaching the top @2133.

If we look at the 2015 50% @ 1958, this level it can form a support zone but ideally only after the market hits those weekly lows, as it will complete the break & extend pattern.

However, any buying above 1958 and the August break @ 2027 is seen as a major resistance zone that can last into the end of the year.

Note:- Bear patterns are appearing in other markets

S&P 500 E-Minis 2nd August 2015 Monthly Report

S&P 500 Primary Cycles

We should see the trend move down into the July lows.....

From there on it gets interesting, as price will need to bounce, break the 5-day highs, and then the August level (Yellow) will define whether global markets rise upwards into the end of the year. (Previous Report)

The S&P didn't move as low as the July lows, but formed support in the 2nd half of the month above 2058. (Yellow)

As noted in the previous report, the August level at 2085 (Yellow) will now define whether the trend makes move back towards the highs @2133) and more...

S&P 500 E-minis Futures 4th July 2015 Monthly Reports

S&P Primary & Weekly Cycles

I would prefer to now look for a 2-month wave pattern heading down into June lows & then towards the July lows (Previous Monthly Report)

Greek debt default has spooked the markets, but in my opinion it was always heading downward. 

We can see in the Weekly cycles that the Weekly lows are guiding the market downward and we should see the trend move down into the July lows.

From there on it gets interesting, as price will need to bounce, break the 5-day highs, and then the August level (Yellow) will define whether global markets rise upwards into the end of the year.

Otherwise, we could see Index markets spooked for the rest of the year as Greece is kicked out of the Euro Zone, and the S&P makes it's way down towards the 2015 50% level by the end of the 4th Quarter.