Monthly – volume is neutral. trade pressures are down.
next target up remains 2204.

Weekly  – Trade pressures are up. volume is bullish.
still in the trade down until the old highs are taken out.

Daily –
the 1991 short trade went to the 1859 target and then momentum carried it down to a shorter cycle target of 1815.
Last week a new long entry was triggered with a close above 1866. the first target of 1952.96 has been met.
There is resistance at the 1971 pivot. so expect some consolidation here.

the next target up is 2029-2039. But the 2014 high will be another significant resistance point.

a close below 1918 would signal lower.

[10/31 update: overnight futures are up 22 points. this will test the highs.]

Monthly – Trade pressures have turned down but are still up.
volume is bullish.
a close below 1830 will signal lower.

Weekly – trade pressures are down. volume is bearish.
the Friday close below 1945 has signaled a new short entry.

Daily – trade pressures are down. volume is bearish.
the trade is short from 1990, the market first traded down to the 1955 target and tested that for three days.
then in two days dropped to test the 1919 target.

The rally Friday a week ago was enough to trigger a new long entry at 1948 which touched 1971 which was moving average resistance.
was quickly stopped out with the new short entry of 1949.
the next day rally was not enough to stop out the short trade and Thursday and Friday of this week saw the test of the 1911 short cycle target.

Then the spike downward at the Friday close toward the august low of 1862.

The next target down is the pivot low of 1862 and then the target of 1859.
This 1859 level would represent a 9% retracement from the 2014 high of 2014.

Large Caps Intel and Schlumberger report next week.
Absent external and international pressures, these could produce good news.

need a close above 1924 to signal a new trade higher.

[10/12 Sun Nite futures at 1880, testing the August lows.]

[10/13 Mon closes below the August Lows.Next target is 1859/1815 on the futures. the SPX target is 1829]

Monthly – Volume is bullish. trade pressures are up.
long, the next target up is 2234.

Weekly – volume is bearish. Trade pressures remain up.
the short entry is 1945.

Daily – Trade pressures are down. volume is bearish.
in the short trade from 1990. the 1955 target was acting as support until today.
the break down has taken the market to a 1933 low.
the next target down is 1919.

a move above 1964, today’s high, would signal a new move up.
the hourly charts are showing oversold.

[Monday morning 10/6 update: Daily S&P Futures – the 1919 was touched on Thursday and then Friday’s close above the 1949 long entry has put the market back in bullish territory. the next target up is 1999, volume is neutral. Trade pressures are up.]

[Friday the 10th, October, Well if you were quick to take profits each time the market moved you could have made some money intraday.  But after triggering a short entry at 1950, we are now back at the lows and at the 1911 first target down on the shorter cycle.  The S&P futures look to go lower to the august low and if momentum is enough, then to break down and test the 1874 target.
it will take a move above 1937 to get long again.]

Monthly- trade pressures remain up. volume is bullish.
the next target is 2234.
Weekly- Trade pressures are up. volume is bullish.
the next target is 2095.

Daily –  the daily trade is up after the close above the 1998 long entry and the subsequent close above 2000.
The 2014 target was touched and then the market has pulled back.
The huge Alibaba dollar volume has to have some effect on the near term cash-flows in the market.
the next up target is 2042.

This Monday morning trade down thru 1991 will signal a potential retracement down to the 1955 and 1919 targets, if it holds at the close.
Trade pressures remain up and volume is bullish but declining.

[Thursday’s close touches the 1955. Vol bearish, trade pressures are down. Next target is 1919. But the nearby resistance at 1946 could give a bounce on Friday]

[Friday- and bounce we did. Close was 1982 off the 1955 support. a trade close above 1993 will signal a new move up.
a break below 1955 sets up the next target down of 1932]

Now in the DEC ’14 contract.

Monthly- vol is bullish but declining. trade pressures up also declining.
the next target up is 2234.

Weekly- volume is neutral. Trade pressures remain up.
the next target up is 2095.  a trade down thru 1933 would signal lower.

the Daily trade is down from the short entry of 1980 (1988 on the old contract) to the first target of 1944.
volume is bearish and trade pressures are down, but showing some over sold.

need a trade above 1999.75 to reverse this sentiment.

[The Cash Market, SPX.X above, is short from 1992 with a 1962 target. The weekly has a short entry at 1947.]

The cash market (the chart above) has traded up near the 2014 target and bearish volume has come in.

the futures trade and volume pressures remain up on the monthly and weekly.
the monthly target up is 2212.
the weekly target up is 2103.

The daily trade is still long with the next targets up of 2066,2080 & 2095.
the daily trade pressures are down. the volume pressures turned bearish 2 days ago and were neutral yesterday.

a trade closing down thru 1988 will signal a short entry which could test 1952 and 1915.

the intraday volume is down to neutral.

 

Monthly_
trade pressures are up. volume is bullish.
the next target up is 2212.

Weekly_
Trade pressures are neutral. volume is bullish.
the next target up is 2103.

Daily_
Trade pressures are up. volume is bullish.
the next target up is 2007.

a move below 1969 could signal lower.

Monthly_ the upside target remains 2193.  Trade pressures over-bot.

WEEKLY_ Upside target is 2118.  Trade pressures down but beginning to be oversold.
the 1916 short entry has been touched, but price has not closed below 1916.

The Daily trade is short from 1958 with targets of 1914 and 1871. currently consolidating around the 1914 target.
Trade pressures have bottomed and are turning up. Volume is up the prior day.

need a close up above the 1933 long entry to turn this trade up.
this would be a new move up to 2004.

Monthly_ Pressures remain up. the next target is 2193.
Weekly_ Pressures are up. the next target is 2122. the short entry is 1916.

Daily_ trade pressures are up. the volume is still green but declining.
the next target up is 2066.  some support is provided by older targets at 1951.
The psychological target is the 2000 on the  S&P cash, which is 1978 now (a 6pt difference).

the MACD is trying to turn back up; but if not then a sell entry could be triggered at 1958.

the intraday (60 min) chart is currently short from 1976 with target at 1963 and 1950.

………….

the money flows from abroad are in our direction as evidenced by the rise in the dollar and the TBonds.
gold does not seem to reflect any major geopolitical dislocation.

earnings flows from individual stocks seem to be the order of the day.

Monthly_ trade pressures are up, volume remains bullish. the upside target is 2193.
Weekly_ trade pressures are up and volume is bullish, the net target up is 2098.

the Daily Trade is long from the 1835 entry price in April.  the 1963 target was almost completed on June 23rd.
the trade pressures are flat. the volume pressure remain up.

a move down thru the 1932 short entry could signal a correction to 1889-1845.
this entry has been approached by  both of the last two day’s lows.

the cash SPX in the chart above shows a break down thru the lower median line; pay attention.