S&P 500 Emini futures 1st May 2017 Monthly report

S&P 500 Primary and Weekly cycles

We've seen the S&P continue higher but it looks like its stuck between the narrow band in the Primary levels.

Even though I still have the view the Markets are going higher in 2017 and by the look of it heading upwards early next week, be aware that the Month of May can see selling hit the markets down into the traling channels @ 2264/94

S&P 500 E-mini Futures 1st April 2017

S&P 500 Primary and Weekly Cycles

The 2017 highs at 2238 & Weekly lows form support and the market continues up for the rest of the year.

I think there is more in this market for 2017, so we are looking to BUY the dips using the monthly trailing support levels, with a LONG term target in 2017 towards 2573. (previous report)

If we subscribe to the Market going higher, then look for the 2017 Primary highs at 2338 as support, and simply trade on the side of this for this month.

Trailing support at 2320 and the month of April (Yellow)

S&P 500 E-mini Futures 3rd March 2017 Monthly Report

S&P 500 E-mini Primary & Weekly Cycles

 We've seen the S&P move up to 2300 in January and it now looks like

the Market looks will push up towards the 2017 highs at 2338 in February. (previous report)

  Ever since the market hit the 2016 lows the trend was always headed up to the 2017 highs, and nothing was going to stop it.

This was confirmed with last year's breakout of the 2016 highs (break & extend pattern)

We have now reached those highs, so where too now?

The important pattern in the last week of February was the breakout of the 2017 highs matched with the monthly breakout, which suggests in the short term price is heading up to 2423/31

Now the pundits are hailing this rally as 'the Donald rally' but it was always going to head to these levels even if Hillary had got in, but the difference between the Donald and Hillary is the corporate TAX cuts which will drive the market higher.

therefore pattern of interest is....

The 2017 highs at 2238 & Weekly lows form support and the market continues up for the rest of the year.

I think there is more in this market for 2017, so we are looking to BUY the dips using the monthly trailing support levels, with a LONG term target in 2017 towards 2573.

Note:- if for some reason the market continues to rally in the month of March and reaches 2573 do not touch the market until 2018.

S&P 500 E-minis 5th February 2017 Market 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.  (Previous Report) 

We've seen the S&P move up to 2300 in January and it now looks like

the Market looks will push up towards the 2017 highs at 2338 in February. 

 Support zone for the next move upwards is 2254.

I

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.