SP500 E-mini futures 5th December 2021 Monthly Report

 

S&P Secondary & Primary Cycles

A month is a long time since my last report,  but if you were following me on twitter you would have seen that I mentioned that they would buy the market up into option expiry.

What was looking bearish 1 month ago, has completely changed and I would expect higher prices into December.

However, ideally a move down into the December level of 3924, test support, and then buy it up into the close of 2022.

SP500 E-MINI FUTURES 6TH NOVEMBER 2022 MONTHLY REPORT

 

S&P SECONDARY & PRIMARY CYCLES

    October low swing and 3,922 in the Secondary Cycles has formed resistance.

My longer-term view hasn't changed, the BEAR MARKET TARGET of 2,575 is still in play,

as well as 3,350 this month

Currently 3,715 in the Secondary cycles is supporting price and may see a rise up this week into the November 50% level 3,861 - resistance

S&P PRIMARY AND WEEKLY CYCLES

Next week's 50% level is support with an expectation is rising up into the November 50% level.

It wouldn't surprise me to see next week consolidating in a tight 5 days range and then head lower.

Below the Weekly 50% level, and its following the Larger cycles down 

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SP500 OCTOBER MONTHLY REPORT PART 2 | 5th October 2022

 

SP500 SECONDARY & PRIMARY CYCLES

Rotations into 50% levels happen all the time, it's the 2nd week that will define the strength of the reversal. Will be hitting resistance around 3852- 3922. 2nd week, can set-up a Monthly move towards 4035-4063 (break)

SP500 Emini futures 1st October 2022 Monthly Report

 

SP500  Cycles

Start of the 4th Quarter, but I don't think there will be a large counter-trend move upwards like we saw at the start of July and the 3rd quarter - retest the break at 4287

There could be a short-term 1-3 week up move, but I think it will dip down into 3415- 3350 1st before it happens.

If I'm wrong and there is an up move at the start of October, the trend guide is 3602 (October lows) I think it will struggle to rise higher than 3780 - 3832 and then continue down into December.

My Crash levels are 2574 for 2022, 

but I don't think that's the low, the low will come in the 1st Quarter of 2023 (Feb/March) and lower prices, then we will see the mother of all counter-trend moves upwards. 

SP 500 E-mini Futures 5th September 2022

 

S&P 500 

We've seen a retest of the break at 4287 and rejection.

My view is that the trend is heading down in the 4th Quarter to 2770.

2770 will support price in 2022, however, I think there will be 1 more dip in early 2023 to new lows (levels to be defined at the close of 31/12/2022)

However, in the Short-term, my expectation is the the September lows around 3752 will do it's best to hold support for a number of weeks.

The trend guide is the 50% level in September 3965 (might push up to 4002 but fail)

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