S&P 500 E-mini Futures 4th September 2021 Monthly Report

 

S&P 500 Primary & Weekly Cycles

Looks to be hitting the 3rd Quarterly highs in September 4580.

Can it continue towards the 100% of the Primary range at 4804?

It can, but it looks more likely in the 4th Quarter.

Therefore, the Weekly lows are once again the support level, which matches  the September 50% level at 4,400.

Validate the support with a lower Weekly close and then use a lower weekly open rising up from $4400.

Long-Term

it's in a 2021 Yearly breakout, so the expectation that price will continue to trend upwards into the 1st Quarter of 2022, similar to 2020. 

S&P 500 E-minis 1st August 2021 Report

 

S&P 500 Emini futures

Continues to follow the Quarterly cycles to 4580.

Once that happens, mostly in September, then keep some spare cash.

Before that happens, the Weekly lows is support. 

S&P 500 E-mini Futures Report 4th July 2021

 

S&P 500 Primary & Monthly Cycles

S&P500 E-mini futures More gains in the S&P in the 3rd Quarter???

 Resistance July highs.

Weekly lows support/ July 50%, in case it comes down before reaching those highs potentially in September 2021

 

S&P 500 E-MINI FUTURES 6th June 2021 Monthly Report

S&P Primary & Weekly Cycles

1. weekly low closes around 4018 & then swings up to retest the break next week @ 4150 (weekly closes on its lows and then reverses upwards next week.

After retesting the break (4150) it could continue down, or remain above the 50% level and Yearly highs (Previous Report)

Early May saw the Weekly patterns play out - Retest of the break, then retest of the Weekly lows and then continue higher

S&P 500 Remains above the Yearly highs, as it continues towards the 2nd Quarter highs in the final month of June and most likely push higher in the 3rd Quarter

There will be resistance levels in each Quarter, but how far will be market reverse down, as the US Economy re-opens after Covid-19?

Whilst above the 2021 highs, expectation is that it will push higher in 2022 

 

S&P 500 E-mini Futures 13th May 2021

 

S&P 500 Primary & Weekly Cycles

This is the first break of the Weekly lows since February 2020, and we know what happened after that.

We often see MAY highs in Markets and reversals down, which often can see Monthly low patterns in June before a reversal upwards - 2 month wave pattern down.

Therefore there's 2 scenarios

1. weekly low closes around 4018 & then swings up to retest the break next week @ 4150 (weekly closes on its lows and then reverses upwards next week.

After retesting the break (4150) it could continue down, or remain above the 50% level and Yearly highs 

2. keeps dropping (MAY selloff - June bottom) around 3,500 to 3,900
if that happens, it will affect all markets, including Bitcoin (39,000 - 42,000 bottom)

S&P 500 E-mini Futures 1st May 2021 - Monthly Report

 

S&P 500 E-mini Futures

IT WON'T SURPRISE ME TO SEE PRICE MOVE UP TOWARDS 4332, EITHER BY  LATE MAY / JUNE

AND IF IT DOES MOVE THAT HIGH, I THINK IT WOULD BE WISE TO BE MOVING INTO CASH ON MOST ITEMS, INCLUDING CRYPTO 

It's trading above the 2021 highs at 4014, which matches the MAY 50% level.

I'd be surprised to see it below this level early in MAY, even though it could move down into the Weekly lows at 4107-17 (support)

The Target remains the 2nd Quarterly highs in MAY at 4332, which aligns hitting in MAY and it's own highs

After that, I'd keep an eye on any 5-day low breakouts.

S&P 500 E-MINI FUTURES 4TH APRIL 2021

 

S&P 500 PRIMARY AND WEEKLY CYCLES

S&P 500 COMPLETES THE BREAK AND EXTEND PATTERN FROM THE 2020 HIGHS INTO THE 2021 HIGHS.

IF FUTURES OPENS BELOW 4014, THERE COULD BE SOME SELLING PRESSURE, THAT CAN SEE PRCE BACK INTO THE WEEKLY LOWS.

EVEN A SLIGHT PUSH UPWARDS INTO 4072 & APRIL HIGHS, WILL GET SHORT SELLERS APPEARING.

IF IT BREAKS THE WEEKLY LOWS, THEN DOWNSIDE TARGET IS 3516.

HOWEVER, IT WON'T SURPRISE ME TO SEE PRICE MOVE UP TOWARDS 4332, EITHER BY  LATE MAY / JUNE

AND IF IT DOES MOVE THAT HIGH, I THINK IT WOULD BE WISE TO BE MOVING INTO CASH ON MOST ITEMS, INCLUDING CRYPTO