S&P 500 E-MINI Futures 2nd January 2017 Monthly Report

S&P 500 Primary & Weekly Cycles

We've seen TEXT book Primary cycle patterns play out precisely with the 2016 LOWS and now the market heading up towards the 2017 highs @ 2338.

2 patterns at play...

1. Early push up into 2300, forms resistance and then pushes downward

2. Move down into 2184 in the first 5-10days then continues up towards 2338 by APRIL, which would be a good time to get out of positions since the 2016 lows.

S&P 500 E-mini Futures 5th December 2016

Primary & Weekly Cycles

 I continue to be bullish no matter who wins the Election on Tuesday, which is part of the 2016 lows and expectation the trend is heading towards the 2017 highs.

Therefore the November lows and the 4th Quarter level is seen as a major trend guide and support level for 2016 @ 5171 & the November lows @ 5128 (previous Report)

                                   Market heading up into the 2017 highs. We can see the trailing support levels in Yellow if there's any short-term weakness in December, which it might. However it could continue to trend all the way up to 2293

S&P 500 E-mini Futures 6th November 2016 Monthly Report

S&P 500 Primary & Weekly Cycles

The only concern would be if price dips and finds support around 2109 but the next 5-days the market moves sideways. if that happens then there could be some weakness in the week of the 10th October. (Previous Report)

We've seen weakness from the 10th October but nothing that's of concern at the moment, as we go into the US election.

The overall trend is to continue up into 2017 highs no matter who wins, but in the short-term trade on the side of the November level @ 2085.

Note:- Weekly cycle breakout suggests a potential dip down into 2057, but I'm still bullish going into the end of the year.

S&P 500 E-mini Futures 3rd October 2016

S&P 500 Emini  Primary & Weekly Cycles

My view continues to see Market to move towards the 2017 highs with short-term dips along the way.

As noted in the previous report, our trailing support level @ 2117 held, and by the looking at the price action it should continue to push up towards 2215 and trend into 2017.

The only concern would be if price dips and finds support around 2109 but the next 5-days the market moves sideways. if that happens then there could be some weakness in the week of the 10th October.

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