SPX 2018, Q2, May

Yearly

  • Resistance: Cyclical - 3253, 3350
  • Support: Cyclical - 2291, 2110, 859; Pivotal - 1576, 1552
  • Timing: 2020, 2023, 2027

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The trend is still very positively up!!!

Quarterly - Q2

  • Q3 Resistance: Cyclical - 2915, 2038, 3159; Pivotal - 2872
  • Q3 Support: Cyclical - 2468, 2224, 2046; Pivotal - 2134, 1810, 1370, 1074
  • Timing: 2019 Q1, 2020 Q2

A Q3 open above 2468 would confirm a continuation of the Q uptrend. New highs will be in place by Q1 2020.

Monthly - May

  • June Resistance: Cyclical - 2920; Pivotal - 
  • June Support: Cyclical - 2649, 2573; Pivotal - 2532, 2193, 2083
  • Timing: June, August

A June opening above 2700 open the possibility of a June retest of the January high. A open above 2649 moves the retest to August, with a new high for early 2019.

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