STD Red Week (Oct 29 - Nov 2)

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While the S&P 500 futures continue to test support at 1400, Wallstreet's floor markets will be closed on Monday as New York braces for Hurricane Sandy. 

However,  STD Red Weeks are usually trenders from Tuesday a.m. to Friday a.m., that is: Monday and Friday usually reverse the Tuesday - Thursday trend. 

We expect a short term high around Full Moon (that is inverted to Mike Korell's forecast). If the typical Red-Week Pattern plays out, the low of the week should print by Thursday p.m. - Friday a.m., and will be followed by another decline with lower-lows into the Election-Week. As outlined earlier, the ITD suggests the high (some Elliott-Wave #4 or #2) could be reached as early as Tuesday-Wednesday (HERE).

This week includes the last 3 trading days of October and the first 2 trading days of November during the 4th year of the Presidential Cycle, and the bias of the S&P 500 in the Election Year Seasonal Chart is up. 

STD Red Week (August 6 - 10)

For previous Short-Term-Delta Red Weeks in the S&P 500 see also HERE

STD Red Weeks oftentimes are trenders from Tuesday open to Friday open.  Monday and Friday often reverse the Tuesday - Thursday trend. This is the STD Red Week's pattern:

Alex Roslin's - COTs Timer (Aug 4)
Smart Money Commercial Hedgers dump S&P 500, COT signal flips to bearish

David Hickson - Hurst cycles (Aug 4)
We are expecting the 80-day cycle peak to form in the US markets soon, after which there will be a fall into the 80-day cycle trough which is expected in late August.
[Hurst triad] lines are presently projecting a target for the peak of 1400-1420.

Mike Burk - Seasonality (Aug 4)
As measured by the S&P 500 August has been, by far, the strongest month of the 4th year of the Presidential Cycle. I expect the major averages to be higher on Friday August 10 than they were on Friday August 3.

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The Nasdaq 100 ETF (QQQ) broke above resistance from the July highs
and remains in an uptrend, but a spinning top formed on Friday.
These candlesticks show indecision and the prior two foreshadowed
pullbacks within the uptrend [Arthur Hill]

STD Red Week (July 9-13)

STD Red Weeks are trenders from Tuesday open to Friday open.  Monday and Friday often reverse the Tuesday - Thursday trend. So this STD Red Week's pattern should be

• down into Tuesday AM around 11:00 - 13:00
• reversing Monday's loss by rising up from the Tuesday low into Thursday 10:00 +/- 1 hour.

In case one is short, don't hold longer than Tuesday open, maybe close out near the close on Monday.  If a convincing move, reverse the trade some time Tuesday.  

The bias of the S&P 500 in the Election Year Seasonal Chart is up.

US stock indices are expected to rise into July 18 (Wed). 

2012-07-17 02:57 (Tue) = VEN 45° URA [helio]
2012-07-17 06:13 (Tue) = MER 60° NEP [helio]
2012-07-17 07:42 (Tue) = MAR 120° JUP = Level 2
2012-07-17 14:59 (Tue) = MAR 90° PLU  = Level 2
2012-07-18 00:00 (Wed) = New Moon
2012-07-18 21:36 (Wed) = MAR 180° URA = Level 1
2012-07-18 18:34 (Wed) = MER 90° URA [helio]
2012-07-18 18:36 (Wed) = VEN 45° PLU [helio]
2012-07-19 16:33 (Thu) = MER 0° PLU [helio]

More info on the Mars-Uranus Crash Cycle HERE + HERE

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www.danericselliottwaves.blogspot.com

"The uptrend has progressed from SPX 1267 to 1363, Minor wave 1. Then pulled back to SPX 1309/10/13, Minor wave 2. The recent rally to SPX 1375 looks like Minute wave i, with friday’s 1348 low Minute wave ii of Minor 3. While a further pullback for Minute ii is possible we think it’s unlikely at this time since the market did get quite oversold. Once the SPX clears the 1358 level we believe the uptrend should resume to new highs. ... Short term support is at the SPX 1342/47 area and then 1334/38. Overhead resistance is at the 1363 and 1372 pivots. Short term momentum hit quite oversold on friday before rebounding toward neutral. The short term OEW charts remain positive with the swing point still around SPX 1350." [www.caldaro.wordpress.com]

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STD Red Week (June 11-15)

A normal Red Week will have Monday down into the close +/- and the rest of the week up with the red Friday either being up or being a normal H to L.  
 
Red Weeks are 65% chance of Tue-Fri running opposite of Monday's close. If Monday closes up then there's a 65% chance Tuesday - Friday will be down. 35% chance that the week will continue the direction set by Monday.

The chart below shows back increments of 4 weeks from today (= red Monday - see also HERE and HERE) highlighting recent red week-price patterns.