S&P 500 E-mini Futures 26th November 2011 Weekly Report

The first key level will be next week's level @ 1209.25 and whether the first 2-3 days has an upward bias towards the Weekly 50% level (random resistance)

Of course that can quickly change if the market is trading below key Support levels, because a rejection down from the Quarterly 50% levels (1274.50) can often extend towards lower lows in the following Quarter  (January 2012) 

Previous Weekly Report

S&P Monthly and Weekly cycles

My view was that the Markets would remain consolidating until December...

but that quickly changed with this week opening below 1209, and continued with a breakout of the Weekly lows @ 1196.

A breakout of the Weekly lows will normally extend towards next week's lows @ 1128 (random support)

And possibly extend towards the December lows, as part of the push from the 4th quarterly 50% level @ 1274.50

1189-1196 resistance

S&P 500 e-mini 19th November 2011 Weekly Report

1274.50 can continue to act as resistance.

My overall view remains; a sideways consolidating pattern for the rest of the 4th quarter, along with swift short-term down moves of 2-3 days  Previous Weekly Report

S&P Monthly and Weekly cycles

My view is that the S&P will remain consolidating during the current Quarter, or at least the next 2-weeks

That means remaining above the November 50% level and Weekly lows.

The first key level will be next week's level @ 1209.25 and whether the first 2-3 days has an upward bias towards the Weekly 50% level (random resistance)

Of course that can quickly change if the market is trading below key Support levels as shown in the Monthly chart....

 because a rejection down from the Quarterly 50% levels (1274.50) can often extend towards lower lows in the following Quarter ( January 2012)

S&P 500 E-mini futures 12th November 2011 Weekly Report

My view is that the S&P will remain supported, & continue to consolidate with an upward bias:- Weekly 50% level @ 1236 is the trend

but the position of the 4th Quarterly 50% level @ 1274 could continue to act as resistance over the next 5-days.
Previous Weekly Report

S&P Monthly and Weekly cycles

As per the previous Weekly report...

Trend bias is up, but 1274.50 acted as resistance

Next Week:-

more of the same, 1274.50 can act as resistance, as the market tries to move higher.

Weekly 50% level is the trend guide, along with short-term set-ups within the 5-day range, as per Daily reports.

Keep an eye for any weakness below the Weekly lows @ 1212

My overall view remains; a sideways consolidating pattern for the rest of the 4th quarter, as it tries to continue higher, along with swift short-term down moves of 2-3 days

S&P 500 E-mini Fuutres 5th November 2011 Weekly Report

For those looking at the larger timeframe patterns, the trend bias will be based on the 4th quarterly 50% level @ 1274, as it will dictate whether the trend remains bullish, or rotates back down into the November 50% levels.

Previous Weekly Report

S&P Monthly and Weekly

Last Week I was looking for the S&P to move up into the Weekly highs @ 1308, but then reverse back down.

However, Monday opened below the 4th Quarterly 50% level  @ 1274, and proceeded to move down into the Weekly 50% levels & November 50% level.

Next Week:- Whilst the S&P remains above the November 50% level, the trend bias is up towards the November highs,  but the position of the 4th Quarterly 50% level @ 1274 could continue to act as resistance over the next 5-days.

At this point , my view is that the S&P will remain supported, & continue to consolidate with an upward bias.

Weekly 50% level @ 1236 is the trend guide

Trend remains stable unless it's trading below the Weekly lows @ 1190

S&P 500 E-mini 29th October 2011 Weekly Report

Consolidation above the October 50% level will help set-up further gains later in the week, as the trend follows the weekly cycles

And the current price action suggests the trend will continue towards 1274 by November


Previous Weekly Report

 

S&P Monthly and Weekly cycles

Break and extend pattern in the Weekly cycles should continue up into next week's highs, and then reverse back down into the this week's high, as part of retesting the breakout....

and as low as 1250.75

Once that occurs I'd be looking for further gains towards the November highs, using 1250.75 as support.

For those looking at the larger timeframe patterns, the trend bias will be based on the 4th quarterly 50% level @ 1274, as it will dictate whether the trend remains bullish, or rotates back down into the November 50% levels.

S&P 500 E-mini Futures 22nd October 2011 Weekly Report

likely to follow the Weekly cycles towards new highs


And whilst the trend is above 1184/1191, it's following a move towards 1274.50 by November

Previous Weekly report

S&P Monthly and Weekly cycles…

Consolidation above the October 50% level earlier in the weekly help set-up further gains later in the week, as the trend follows the weekly cycles

And  the current price action suggests the trend will continue towards 1274 by November

Once again the levels in the 5-day cycle should hopefully provide a number of ideal/high probability trading set-ups.

S&P 500 E-mini futures 15th October 2011 Weekly report

Weekly 50% level along with the patterns in the 5-day range (daily report) will decide on whether the trend continues up towards the monthly 50% level and upper weekly levels.

At this stage I can't see any bullish signs that's going to push the S&P towards 1274 during the 4th quarter. (Previous Weekly report)

                              S&P monthly and Weekly cycles.

We’ll now I can see the bullish signs that’s going to push the S&P towards 1274 during the 4^th Quarter…

That began with the consolidation above the October 50%  earlier in the week, and if you follow the Daily reports, the most robust set-ups aligned with Thursday’s support and Friday’s BUY set-up

http://thetradertrading.blogspot.com/2011/10/s-500-e-mini-futures-14th-october-2011.html

Next Week:- likely to follow the Weekly cycles towards new highs (double Weekly highs & Random resistance @ 1246.50)

Note:- Whilst the trend is above 1284/1291, it's following a move towards 1274.50 by November

Once again the daily cycles will provided set-ups within the 5-day range, as price moves within the lines of least resistance.