Monday Close.  seeing some upward pressures inside the longer downtrending cycles.

monthly –  still trading inside the low and the new entry price of 916.  724 will start a new downmove.

weekly –  806.50 EP for the short entry to next downside objective 740/670. 

daily – flat at the 807 short price objective. buying pressures.  new uptrend starts at 848 to 898.

intraday – moved up to intraday day target 846.  this uptrend in a pullback to 827, next down side objective is 816.  pressures are down but could cure overnight.  836 will restart the intraday up move.

 

the weekly break of the 875 has taken the market to the 807 down side price objective. 

monthly – the long entry point of 916 has acted as resistance.  724 restarts the down move. upward divergence remains in place at these lows.

weekly – 806.50 is the entry point for the weekly short move to 740.50 low/then to 669.50. pressures have turned down into the 2/20 cycle end.

daily  – pressures are turning up.  the 807 short price objective is acting as resistance.  775 is the next downside objective.  848 is the long entry price to 898.  Ben’s PTI and Mobility has signalled a buy.  this cycle ends 1/26.

intraday is extended down, looking for a reason to move up.  need a trade above 816.

Daily in a pullback within an uptrend.  intraday at a downside target which equals the short entry point on the daily.  expect a retracement up. 

monthly – no change.

weekly – trading between the long entry and the first price objective.  in the congestion suggested earlier. cycle ends 2/20.

daily – flat.  in a retracement within the uptrend.   cycle ends in two days 1/14 and dominant cycle peaks 1/20. upward pressures begins the 14th.  Ben’s PTI is showing further short term downward pressures.  a close below 874.75 restart the short trade to 807. 

Intraday – downside target price reached.  look for consolidation or retracement.

Sunday – S&P @ 926

Trading the daily. The New Year Rally has taken the futures to some expected price objectives.  Ben’s PTI is signaling “take profit”. 

Monthly – long. did not close the month above the 916 Entry Price.  But have traded thru it.   next objective is 1096.  714 restarts the down move.  divergence at the lows.

Weekly – Long. next price objective 952-961. pressures up, momentum neutral which indicates the move is limited to these next PO’s.  the short cycle ends 2/20. 

Daily – Flat  at the 930 PO. next PO 969.50.  864 starts a retracement to 796.  cycle ends 1/5.  look on the intraday for pull back and new setup to re-enter the long trade.

Sun nite.  862. 

the daily is pulling back inside the weekly uptrend .  the weekly is trying to move the monthly up which has been sitting on median line support for the last two months.

monthly  – remains in downtrend to 722.  922.50 starts a retracement up.  divergence at these lows.

weekly- in uptrend to 946-961.  dominant cycle up til 2/20. short cycle down til 2/20. sounds like congestion.  pressures are up. 740.50 restarts the downtrend.

daily – still in the uptrend to 926/930/969.  pressures are down. 851 starts a pull back to 783.  downward pressures thru 1/5.  Mobility Osc up.  Ben’s PTI giving permission to buy. need 899 to start a new short term  long trade.  go to intraday to find short cycle entry prices.

885. Sunday

monthly –  downtrend. next target is 716.  showing diverence at these lows.  Median line acting as support. 915 close will start a new retracement uptrend.

weekly – retracement up in the downtrend. next price objective is 946-961 area.  740 will restart the downtrend. buying pressures turning up still on the upside of the cycle til 12/26.

daily – retracement down in an uptrend.  next price objective is 926 then 966.  851 is the entry price for a down move, then to 763. we have traded intraday down thru 851 but closed above, so still in uptrade.  selling pressures into cycle end 12/17.

Intraday – long in an uptrend to 905.  buying extended.  22 pts down triggers the short entry price.

899 preopen Monday

Monthly- downtrend in place, 716 next target.  915 will start new uptrend. divergence at the lows.  time pressures up til 3-31-09. buying pressures turning up.

Weekly – upleg in downtrend. next target 946.  time and buying pressure up.  719 restarts the downtrend.

Daily – upleg in uptrend. overnight trading has taken out the dec 1st high and the second price objective.  next target 926-928.  it will take a 50 point drop to restart a downleg.  buying pressure up.  coming into downward time pressures – exit at the next up target.  the cycles end 12-17. mobility oscillator rising.

intraday – flat in uptrend. new upleg at 908. 891 starts a downleg to 876 and 862

858 7:50am

monthly and weekly won’t change.

daily – bias Long.  short entry price of 832 acting as resistance. Long entry price of 852 met, next objective 879.  selling pressures abating into rising momentum up.  look to intraday for a trade.  need 879 to breakout above the pitchfork upper median line, then next target 926.  after the 12/3 CIT, expect upward time pressure til 12/09.

intraday – Nuetral bias.  inside two cycles that range 833 to 873. Have traded thru the 852 long entry price – next objective 892. selling pressure down for the next two hours. The short entry price is 10 pts down with a retracement price objective 832. but shorter cycles hard down: next move should be up – perhaps in the afternoon session.