S&P 500 E-mini futures 29th June 2013 Weekly Report

S&P Primary & Weekly cycles

As noted in the last report, the Weekly 50% level is helping drive the short-term patterns, with a trend bias to move towards the Support levels in the Primary cycles:- 1504-1524

The Market remains above the 2013 highs, therefore the Primary cycles remain bullish, and current price action is seen as a pull back into Support, with the expectation it's going to continue higher into 2014.

Therefore, next week's 50% level will define whether the trend continues down, or not

S&P 500 E-mini futures 8th June 2013 Weekly Report

S&P Monthly & Weekly cycles

S&P holding Monthly cycle support:- 5-day range pattern..

At this stage it looks like the trend remains bullish.

However, a sell off from the Weekly 50% level next week resulting in a break of Support is a bearish sign for a move towards the 3-month lows :- 1520  to 1496

S&P 500 E-mini Futures MAY 2013

S&P Monthly and Weekly cycles

As mentioned in the last report 4 weeks ago....

My view is that there's more chance that the S&P will continue higher in the last week of April & into the start of MAY:- HIGHER HIGHS. if I'm right, it should remain above 1571....

It did remain above 1571 in the last week of April, and then made a play for the MAY highs, which didn't form resistance in the way it normally does. Often the Monthly trend will fail to make more gains above the cycle highs (1658).

Keep an eye on the next 5-day as the market completes the MAY cycle and moves into the June cycle and a shift in Support levels...

Therefore the trend guide is going to be defined by the Weekly 50% level @ 1640

S&P 500 E-mini Futures 27th April 2013

S&P 500 MONTLHY & Weekly cycles

My view is that there's more chance that the S&P will continue higher in the last week of April & into the start of MAY:- HIGHER HIGHS

if I'm right, it should remain above 1571....

if below 1571, then the Weekly 50% level is seen as support.

NOTE: THIS IS THE LAST REPORT FOR A NUMBER OF WEEKS. HEADING O/S FOR HOLIDAYS.

S&P 500 E-mini Futures 20th April 2013

S&P 500 Monthly & Weekly cycles

The S&P is trading around the Weekly lows, and look to be consolidating into the end of this month and the start of MAY, that aligns with the MAY 50% level, currently @ 1541.

Any upside next week & there are two resistance levels:- Weekly 50% level @ 1558

& the highs @ 1571. (14 points)

And weakness, and there are two Support levels @ 1520 & 1510  (14 points)

S&P 500 E-mini Futures 13th April 2013 Weekly Report

S&P Monthly & Weekly cycles

S&P obviously didn't move downward, but gathered strength once Monday started trading above the Weekly 50% level, helped by the Weekly high breakout @ 1567.

Two patterns at play next week, as to whether the trend continues with the Weekly break & extend pattern towards next week's highs @ 1599

Support @ 1571/74

Long term support resides around 1510-1520

S&P 500 E-mini Futures 6th April 2013 Weekly Report

S&P Monthly & Weekly cycles

1533 has held Support for the entire month of March, and now with the start of the 2nd Quarter, Support has shifted downward, towards 1510-1520....

Short-term trend will be defined by the Weekly level @ 1548...

Long term Support is around 1452, just in case things trip over in Korea and markets drop 'flash-crash'