"Trend guide on the S&P is 1067.00
The S&P rises up from 1067 and the minimum move is 8.5 points once again...(back towards the 5-day 50% level"
S&P Weekly and Daily pattern.
Early rise up from support and swing patterns of 8.5 points until the close above the 5-day 50% level has seen a move back towards the daily highs and the Weekly 50% level.
S&P continues to remain consolidating this week within the 5-day range, and rotating towards the June 50% levels.
S&P monthly and Weekly
Major support in the S&P is holding as the Weekly timeframe remains in MAY.
This week has seen a dip down into 1067 and now a swing back towards the June 50% levels, which will align with the Weekly timeframe next week.
Those June 50% levels become the critical levels next month.
Index Futures SPI, DOW S&P, & Forex
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The S&P rises up from 1067 and the minimum move is 8.5 points once again...(back towards the 5-day 50% level"
S&P Weekly and Daily pattern.
Early rise up from support and swing patterns of 8.5 points until the close above the 5-day 50% level has seen a move back towards the daily highs and the Weekly 50% level.
S&P continues to remain consolidating this week within the 5-day range, and rotating towards the June 50% levels.
S&P monthly and Weekly
Major support in the S&P is holding as the Weekly timeframe remains in MAY.
This week has seen a dip down into 1067 and now a swing back towards the June 50% levels, which will align with the Weekly timeframe next week.
Those June 50% levels become the critical levels next month.
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