S&P 500 E-mini Futures 4th September 2016 Monthly Report

S&P 500 Primary & Weekly Cycles

Trend bias is to continue higher with the expectation that the trend is going higher into 2017.

It's either going to remain above the Yearly highs @ 2146 and move towards the September highs.

or

Robust support 2117  if the Weekly lows fail to hold.

S&P 500 E-mini Futures 1st August 2016 Monthly Report

S&P 500 Primary and Weekly Cycles.

The S&P has reached 2103 and stalled forming a Weekly bar pattern that is called a 'NO CONTROL Pattern. This is where buying and selling around the extremes of the trend open and close in the middle of the 5-day range

When this occurs the trend can often continue in the following week as it breaks out of the range, and  last for the next 2 weeks as a minimum, with the Target of 2145

However it can also go the opposite way, and take out the lows and move down into the Support zone @ 2002 (Previous Report)

The S&P 500 has followed the Classic set-up of retesting support @ 2002 and then continuing higher as part of the move towards 2145 and the 2016 Yearly highs.

There will be random resistance around the August highs @ 2203, but keep in mind I'm expecting the UP trend to continue higher into 2017 with short-term pullback along the way.

S&P 500 E-mini Futures 4th June 2016 Monthly Report

S&P 500 E-mini Futures Primary & Weekly cycles

Target is the Yearly highs @ 2145, you could see some resistance around 2103 and a retest of the 2016 50% level before it continues higher. (3 week's ago)

The S&P has reached 2103 and stalled forming a Weekly bar pattern that is called a 'NO CONTROL Pattern. This is where buying and selling around the extremes of the trend open and close in the middle of the 5-day range

When this occurs the trend can often continue in the following week as it breaks out of the range, and  last for the next 2 weeks as a minimum, with the Target of 2145

However it can also go the opposite way, and take out the lows and move down into the Support zone @ 2002.

Another pattern is to be aware of is, if it moves above the 5-day range early in the week and fails and closes back inside the range, then begin looking for 'SHORT Trade set-ups using the 5-day 50% level, as it's more than likely going to go downward.

First target :- 2040 (June 50% level)  then potentially 2002

S&P 500 E-mini Futures 8th MAY 2016 Monthly Report

S&P 500 Primary & Weekly Cycle

You could see some resistance around 2103 and a retest of the 2016 50% level before it continues higher. (Previous Report)

The target of 2103 just fell short, but we can see some weakness in US markets as it remains within the Weekly cycles.

It may remain within the weekly cycles as it slowly unwinds, as the expectation for the trend to continue higher it needs to retest the 2016 50% level.

However, also keep an eye on this week's lows @ 2024, as this could set up a move towards the MAY highs. (less likely but could happen)

S&P 500 E-mini Futures 16th April 2017 Report

S&P 500 Primary & Weekly Cycles

The most robust patterns for it going higher is... 

2. moves quickly down in the 1st week of April and finds support off the Weekly lows  (PREVIOUS REPORT)

Early weakness at the start of April saw the S&P move down into the Weekly lows and continue higher.

Target is the 2016 highs @ 2145, but you could see some resistance around 2103 and a retest of the 2016 50% level before it continues higher.

S&P 500 E-mini Futures 27th March 2016

S&P 500 Primary & Weekly Cycles

 

S&P 500 reached 2006 but it didn't stop the upward trajectory, as it continues to follow the trends within the Weekly cycles and now price is consolidating above the 2016 50% level.

 

You can compare the price action in the Australian Stock Market and come to the conclusion that the trend is going to continue higher in 2016.

 

The most robust patterns for it going higher is...

 

1. remain above the Weekly 50% level as it trends up towards the April highs 2096-2113

2. moves quickly down in the 1st week of April and finds support off the Weekly lows and the April 50% level @ 1980

3. Above the 2016 Yearly 50% level

4. The Australian Market

S&P 500 E-mini Futures 28th February 2016

S&P 500 Primary & Weekly cycles

 

S&P has remained above the 2016 support levels without giving a clean indication as to whether the trend will continue higher for the rest of the year because of the lagging effect of the 'Break & Extend Pattern.

 

In the Short-tern (Next 4 weeks) keep an eye on the trends and set-ups within the Weekly cycles.

We can see in the chart of the right, the zig-zag patterns within each weekly 5-day cycle, as the market moves higher

 

Note:- If price continues up over the next 5-days price will hit the 2016 50% level, which is seen as a Robust resistance level:- 2000-2006