Long term still in the upmove from 1143 to 1286.

Daily – in the downmove from 1205 to 1145 with first resistance at 1175.
the time pressures have turned down today and the move down has accelerated.
time and trade pressures are down thru the end of Nov.

will need a trade thru 1189 to restart the move up.

Hard to see yesterday’s reversal turning right around and going back up.
Now, Cisco news is sending Wed night after market down.
expect to go to downside targets.

Long term targets remain the same.
1172 will signal lower.

daily – 1204 entry price for the move down is touched during the day. the second time thru is confirmation. target is 1145 with first support at 1185.
1216 will signal a new move up.
trade pressures are turning down and time pressures turn down 11/16.

Long term –  in the long trade from the 1143 entry. the target is 1573 with first resistance at 1286.
trade pressures extended up and time pressures turn down the Christmas week.

Daily – in the up move to the 1228 target. a trade down thru 1207 starts a new down move to 1147 with first resistance at 1177.
time and trade pressures turn down  11/16.

the longer term move started with the trade thru the 1143 price and has 1572 target with the first resistance of 1286.  time and trade pressures are up.

the daily move has signaled both higher and lower.
we are consolidating around the prior 1180 target.
time pressures have turned up and trade pressures have turned down.  time turns down 11/16.
the 1173 short entry price has been triggered setting a target of 1114 with first support of 1154.

the long term time pressures turn up this next week.  trade pressures are already up.
the 1143 long entry has created a 1572 target. the two main resistance points will be the April’10 high and 1281 resistance target.

Daily – the 1158 was easily penetrated, signaling higher. the S&P is now at the final retracement target of 1180.
the next target up is 1186.

trade pressures are very extended up and the long time pressures are near the peak of the upside and will turn down this next week, the short term time pressures are up til Nov 9th then both are down thru the first week in Dec ’10.

A trade thru 1149 will signal a move down to 1053 with a test at 1117.50.

Long term is now in the uptrade from 1143 to 1286. trade pressures are up.
the time pressures are down, but those end 10/15 and 10/29.

Daily – have reached the expected 1058 and have traded above that. so the next higher target of 1180 is now active.
but now expect some consolidation and or retracement.
a move down thru 1142 sets up 1073 with a midpoint test of 1119.

60 min -a move down thru 1160 would set the 1148 target with a mid point test of 1157.

Dollar at a support level. a possible move up will negatively affect metals and minerals, and the dollar based equity markets .

S&P Monthly and Weekly both have trade pressures up.  both have time cycles ending mid to late October.
the 1144 long entry price has been triggered.  not unusual to have a pullback at the entry signal.

Daily –  time cycle also ending October 14th.
trade pressures are showing divergences here at the top.  1158 is the next target up. on a longer cycle 1180 is the final D target.
1130 will signal a short entry to 1107.   a further break of the 1116 low would confirm a full move down to 1062.50

next month ends this downward set of time pressures.  the weekly time pressures should also end Oct 15th.
trade pressures are up, so side ways thru the next few weeks.

the weekly touched the long entry price of 1144  and is pulling back from there.  the second time thru sets up a 1288 target.

the daily has enjoyed a run from the 1068 entry price thru the channel resistance of 1130. and now the next target up is 1158.
a trade down thru 1117 will signal a new move down to 1049 with first resistance at 1094.

both trade and time pressures are extended up. so next move is likely down.

Pressures remain up.  moving sideways in a channel in the weekly since October of 2009.
1144 starts a new up trend.

Daily –
in the uptrade from 1063.  the 1122-1128 area is the current resistance and the trade pressures are turning down. so expect a pullback.
1158 is the upside target if we get thru 1130.

1100 signals a new down move to 1031.
the first support in the down move will be 1076; expect that to hold.

moved to the Dec contract.
long cycle time pressures are down. trade pressures are up. 1143 starts a new move up.

Daily – in the move up from 1063 to 1158.  the next resistance up is 1110.  trade pressures are extended up.
1084 will signal a retracement down of this move up.

if cycle and trade pressures are up then a short cycle entry is 1099 to 1116.  stop at 1081.