S&P Futures

traded thru the round number of DOW 30 10,000 today. S&P traded above the 2007-08 downward trendline.

Longterm –
while still in the upmove, very extended on all longterm indicators and in the 8th of successive positive months. at a target the next upside target is 1129.75. divergent indicators are warning of internal weaknesses. 1020 starts a downmove with a target of 950.75.

Daily –
the entry of 1065 took us to the 1087.50 target. next target up is 1094.25. 1067.25 starts a correction to 1034. the time cycles are turning down 10-15 thru 11-03.