S&P 500 E-mini Futures 7th April 2012

my view is that the trend will push up towards the April highs, as shown in the Weekly cycles.

However, once that's completed, the trend will be begin to reverse down towards the trailing monthly 50% levels, as the first targets:- 1361. (Previous Weekly Report)

S&P 500 Weekly cycles

Sadly the S&P didn't reach the highs @ 1424-28, as this was my ideal 'short-trade' zone for the current reversal towards the April 50% level.

As noted in last week's report, the reversal pattern  is towards the Apirl 50% level (Weekly lows).

That down move will be defined by next week's level @ 1378.50...

1378.50 will also be the trend guide on any short-term counter-trend move upwards within the 5-day cycle.

1361-1364 is seen as a random Support zone

However, don't be surprised to see the Trend as low as 1347 (SUPPORT) if it begins to trade below 1361

S&P 500 E-mini Futures 31st March 2012

as part of the price action from the Weekly lows @ 1338.50, my view is that the trend will continue up towards the April highs over the next couple of weeks.

So far everything has played out precisely using 'text-book patterns, and if that continues the expectation of the trend continuing higher will be determined by next week''s level @ 1395 towards the Weekly highs @ 1415 & beyond.... Previous Weekly Report

S&P Monthly and Weekly cycles

my view is that the trend will continue to push up towards the April highs, as shown in the Weekly cycles.

However, once that's completed, US markets will be begin to reverse down towards the trailing monthly 50% levels, as the first targets:- 1361.

That would be another text book pattern, as described in the book.

Note;- if next week begins to trade down from Monday and is trading below the Weekly 50% level (5-day low breakout) the reversal pattern downward might begin earlier than hoped for.

S&P 500 E-mini Futures 24th March 2012

the ideal pattern would be a retest of last week's breakout which matches the Weekly levels (1382-85)

1382-85 is seen as support  (previous Weekly Report)

S&P Weekly Cycles

My view was that the S&P would come back and retest last week's breakout @ 1382-85 after reaching the March highs @ 1402

And as part of the price action from the Weekly lows @ 1338.50, my view is that the trend will continue up towards the April highs over the new couple of weeks.

So far everything has played out precisely using 'text-book patterns, and if that continues the expectation of the trend continuing higher will be determined by next week''s level @ 1395 towards the Weekly highs @ 1415 & beyond

therefore 1395 will define whether my view will play out....

or not, and the market rotates down over the next 5-days (lower Friday close)

S&P 500 E-mini Futures 17th March 2012 Weekly report.

Whenever the market reverses down after a 2-month upward trend (January & February), but then reverses down to test trailing Support (Weekly lows)...


the trend will often continue to move up towards the monthly highs, and then proceed to new highs in the 2nd Quarter (April). This is what I call a text book pattern. (Principle)   (Previous Weekly report)

S&P Weekly cycles

2-day reversal pattern started & completed early last week, with the Weekly 50% level @ 1360.50 providing support for a move towards the March highs @ 1402...

and any further gains in April could be as high as 1426.

Next Week:- there is a breakout of the Weekly cycles that could extend up into next week's highs @ 1410.25 (Resistance)...

And the ideal pattern would be a retest of last week's breakout which matches the Weekly levels (1382-85)

1382-85 is seen as support

S&P 500 E-mini futures 10th March 2012 Weekly Report

I still have view that there could be a move downward, before it continues higher...

Therefore the levels to keep an eye on are:- 1369.50, the Weekly 50% level @ 1357.50, and lastly the Weekly lows (random support)..... Previous Weekly report

S&P 500 Weekly cycles

This week saw the S&P moved down into the Weekly lows, test the trailing Support levels @ 1338.50...

and then move towards a higher Weekly close by Friday.

Principles:- Whenever the market reverses down after a 2-month upward trend (January & February), but then reverses down to test trailing Support (Weekly lows)...

the trend will often continue to move up towards the monthly highs, and then proceed to new highs in the 2nd Quarter (April). This is what I call a text book pattern. (Principle)

Next Week:- trend guide is once again the Weekly level @ 1374.50

Random resistance @ 1384, but with the possibility that in the last week of the month the trend continues to move higher.

And lastly, anything below 1374.50, as part of a Friday' 5-day high resistance, is seen as a 2-day reversal pattern to start the week...

and then from Wednesday onwards, using the daily cycle patterns, we look to see whether the trend will push up towards 1384 by Friday next week.

S&P 500 E-mini Futures 3rd March 2012 Weekly Report

S&P Monthly & Weekly cycles

S&P can continue to move up towards the MARCH highs, however, I have a robust resistance zone around 1382-84 next week.

The move up into that level will be determined by the Weekly level @ 1369.75

I mentioned this in last week's report....

the market may continue to consolidate above 1349 until the end of February...

if price reaches 1384 in the first 3-days next week, but then begins trading below 1361.50 from Thursday onwards, there could be a push downward towards the Weekly lows and beyond. (breakout).....

as part of a rotation towards the March 50% level.
Even though the market hasn't reached 1384, I still have view that there could be a move downward, before it continues higher...

Therefore the levels to keep an eye on are:- 1369.50, the Weekly 50% level @ 1357.50, and lastly anything below the Weekly lows (random support) is open to RISK of moving down towards 1311-13
Patterns in the 5-day cycles will hopefully provide set-ups that will take advantage of any potential weakness in the first week of March (next Week)

S&P 500 E-mini futures 25th February 2012

The rest of this month is now based on 1352-54

 if below my view remains intact, of the market rotating downward...


but whilst above, the market could be following the monthly cycle up towards 1396, by the end of the February, early March

S&P Monthly and Weekly cycles

Thursday's low matched the support levels @ 1352 and because of this, the expectation is that the trend is moving up towards 1396 and the March highs.

That expectation is valid as long as it remains above the Weekly level @ 1361.50

if below 1361.50 then the Weekly 50% level comes into play @ 1349.

Basically, the market may continue to consolidate above 1349 until the end of February ( next Wednesday)

There are two patterns to keep an eye on next week:-

Support @ 1349

and 1384 (2012 Yearly highs)

if price reaches 1384 in the first 3-days next week, but then begins trading below 1361.50 from Thursday onwards, there could be a push downward towards the Weekly lows and beyond. (breakout).....

as part of a rotation towards the March 50% level.