S&P 500 E-minis Futures 4th July 2015 Monthly Reports

S&P Primary & Weekly Cycles

I would prefer to now look for a 2-month wave pattern heading down into June lows & then towards the July lows (Previous Monthly Report)

Greek debt default has spooked the markets, but in my opinion it was always heading downward. 

We can see in the Weekly cycles that the Weekly lows are guiding the market downward and we should see the trend move down into the July lows.

From there on it gets interesting, as price will need to bounce, break the 5-day highs, and then the August level (Yellow) will define whether global markets rise upwards into the end of the year.

Otherwise, we could see Index markets spooked for the rest of the year as Greece is kicked out of the Euro Zone, and the S&P makes it's way down towards the 2015 50% level by the end of the 4th Quarter.

S&P 500 E-mini Futures 8th June 2015 Monthly Report

S&P 500 Primary & Weekly Cycles

It's too early to tell whether to be shorting 2133 other than 14 points, as you will need to look for patterns within the 5-day range using as resistance:- 5-day 50% level and 5-day low breakouts. (Previous Report 4 MAY 2015)

 Shorting 2133 provided the initial Short trade of 14 points, but it was using the 5-day 50%  level as resistance once the 5-day lows broke.

After reaching the 2015 highs and MAY highs @ 2133 thus completing the Break & Extend pattern from the 2014 highs, the question remains is there a larger reversal pattern now taking place?

If we look at Friday's close below the June 50% level, there the bias is to continue down into 2065 (Yellow)

The big difference between 2065 and all other support zones shown in the previous months, is that, those support zones were part of a larger pattern within the Primary Cycles :- break and extend pattern from 2014 highs into the 2015 highs.

2065 isn't part of the pattern any more, so there's far more risk buying it in the current month.

Page 34 of Market Trading Market Timing...

Use Sequential ordering of pattern formations

1. Apply the trend identification Model

2. Identify Support,Resistance, & Trends

3. Identify the change of Support & Resistance with the use of TIME

4. Forewarn & Foretell the likely events in the future using Principle SET-UPS

Principle Set-up:- I would prefer to now look for a 2-month wave pattern heading down into June lows 2023 & then towards the July lows (3rd Quarter)

S&P 500 E-mini Futures 25th MAY 2015

                                                          S&P 500 Primary cycles

 As we’ve seen the S&P has completed the move into 2133 and stalled 14 points.

As noted in the previous report, unless there’s a breakout of the 5-day lows, it is too early to tell whether the trend will reverse and continue lower (now a tight 5-day range)

Above 2133, and it’s following the secondary timeframes towards the June highs (Random resistance 14 points) & as high 2175 (Robust resistance)

S&P 500 E-mini Futures 4th MAY 2015 Monthly Report

As we can see in... the trailing support (Yellow) provides the ideal zone to enter the market, and if the trend is going to continue higher then the APRIL level becomes the zone to keep an eye on. (Read Previous Report)

S&P 500 Primary & Weekly cycles 

As we can see, the S&P rose upwards right on the start of April using the Weekly timeframe @ 2039)

The trend bias is for the S&P to continue upwards and complete the first target @ 2133 (2015 Yearly highs).

Weekly 50% level is the trend guide @ 2095.50

It's too early to tell whether to be shorting 2133 other than 14 points, as you will need to look for patterns within the 5-day range using as resistance:- 5-day 50% level and 5-day low breakouts. (Discussed in detail in book)

Therefore in the month of MAY there are 3 resistance zones:- 2133, 2155, and major resistance @ 2177

S&P 500 E-mini Futures 30th March 2015 Report

S&P Primary Cycles

Is there more upside in the S&P 500?

The current price action in the Primary cycles suggests that the trend should continue higher, as part of the 2014 yearly breakout and extend towards the 2015 highs.

As we can see in the above chart, the trailing support (Yellow) provides the ideal zone to enter the market, and if the trend is going to continue higher then the APRIL level becomes the zone to keep an eye on.

That level will be confirmed after this week completes and we move on the other side of Easter.

Therefore if there's continued weakness this week, then 2009 is the BUY zone, and then April comes into play next week.

(Read Australian Market Report)

S&P 500 E-mini DOW Futures 2nd March 2015 Monthly Reports

S&P 500 Primary & Weekly cycles

As mentioned in the previous reports, the trend bias is to continue towards the 2015 highs.

There's a Primary breakout in 2014 therefore there's an expectation that the break & extend pattern will continue towards 2133 :- Random resistance around the February highs. (2133-36)

Any weakness in the Short-term and the Weekly 50% level is seen as support until those highs are reached.

Areas of resistance:- 14 points +   

2133-36  /  2157  /   2178  

DOW Primary & Weekly cycles

Primary cycle 50% levels continue to drive the DOW higher, as part of the Primary pattern of Break & extend.

Areas of resistance :- 18448  /   18561  /   18770

S&P 500 E-mini Futures 9th February 2015

S&P 500 Primary & Weekly cycles

At the moment the Primary cycles continue to suggest a move towards the 2015 highs, with random resistance around 2091 that could act resistance for the next 2 months (1st Quater)