S&P Futures

esday3

The long term buying pressures remain up, but extended. A long term Entry for a retracement of this down move from 1598 will be triggered with a monthly close above 845 with a target of 1028. 722 will restart the down move.

shorter term, the 867 target was met and the expected consolidation is underway. the next target on the upside is 904. a trade below 818 will start a retracement down of this recent up move. 1st downside target is 766.

this down cycle pressure should end 4/30. However, the longer term cycles begin downward pressures that will last til mid June.