S&P (e-mini ) 7th August 2010 Weekly

S&P Monthly and Weekly

Whilst the Trend is a above 1099 the bias is to rise upwards during August.

Trend target is 1155.

However, this is likely to follow the Weekly pattern formations over the next 2-weeks.

Similar 5-day pattern as last week, and with Friday's low providing support, the trend should continue towards 1137 this week.

As long as it remains above 1116

S&P (e-mini ) 31st July 2010 Weekly

S&P Monthly and Weekly

This week has seen the Market reach the Weekly highs @ 1117 and reverse back down into support levels.

Based on current patterns and the price action on Friday, my view is
for the S&P to continue towards next week's highs.

Friday's low normally sets up a continuation trend upwards over the next
2-3 days

Those up moves will be defined by price remaining above 1106

S&P (e-mini ) 24th July 2010 Weekly

S&P Monthly and Weekly

As per last week's report....

Either the trend was going to continue down from 1099 or it was going to remain within the Weekly ranges until the end of July...

With Friday's close above 1099 it now looks like the market is following the Weekly ranges up towards next week's highs.

Trend guide for next week is 1099.

S&P (e-mini ) 17th July 2010 Weekly

S&P Monthly and Weekly

As per previous Report, my view was that 1099 would stall the UP trend (resistance), and that the 3rd Quarter would begin to move down towards the monthly lows and towards 969.

There are two possible patterns.....

This month continues to trend downwards and into the July lows

or

The market consolidates between the Weekly levels until the end of July, with a bias towards 969 in the 3rd Quarter.

S&P (e-mini ) 10th July 2010 Weekly

S&P Weekly

"Drive down into June's lows has the July lows pushing lower, with the likely target 969 (Yearly 50%). Support will need to be verified with a 5-day high breakout & above the Weekly 50% level for a swing back towards the monthly 50% levels @ 1099...... Previous Weekly Report

Expectation that Price would continue down into July's lows failed to materialise, but the price action to verify the reversal pattern played out....

5-day high breakout (white).... and price is trading above the Weekly 50% level with the trend swinging back towards the monthly 50% levels July

Next Week's trend guide is the Weekly 50% level.

S&P monthly

The pattern for the most robust swing trade was to see the market move down into July's lows and then continue towards 1099...

Based on the current market dynamics I'm treating this Quarter as a sideways 3-month pattern between 1099 and the Monthly lows.

S&P (e-mini ) 3rd July 2010 Weekly

DOW Yearly and S&P monthly

Expectation that the DOW is moving back towards 9124, (Yearly 50% level) which will be seen as support in 2010, but will need to be verified with a 5-day high breakout thereafter and a swing back towards the 3-month 50% levels.

S&P 500:- Drive down into June's lows has the July lows pushing lower, with the likely target 969 (Yearly 50%)

Once again support will need to be verified with a 5-day high breakout (above the 3-Week 50% level for a swing back towards the 3-month 50% levels @ 1099.

And likely consolidation for the rest of the Quarter.

S&P (e-mini ) 26th June 2010 Daily recap

S&P Monthly & Weekly

Last week's reversal down from the highs and failure of the Weekly 50% level is now setting up the S&P to continue down into the 3rd Quarter lows. (July)

The UP trend was dependant on the weekly 50% level holding, but the 5-day low breakout on Tuesday gave us clues that wasn't going to happen.

Currently the 2nd Quarter 50% level (yellow) is supporting the S&P, but with the shift in the 3rd Quarter 50% the move is likely to continue down July towards the 3rd Quarter lows, with a possible move as far as the 969 (Single Year 50% level)

Next Week:- the market can continue to consolidate for the next 5-days until July begins and we use 1109 as resistance, or the Weekly 50% levels can send the S&P lower pushing July's lows closer to 969.