S&P 500 E-mini Futures 26th January 2013

S&P 500 Monthly & Weekly cycles

As noted in last week's report, the trend was likely to remain above 1474 and continue to trend up into 1496 (Resistance)

my view is now is for the S&P to move down towards the 5-day lows, as a minimum move, but then continue to extend up into the February highs

It may continue to follow the Weekly cycles highs, but after 4weeks of not once retesting those 5-day lows, next week is the best chance as 1496 continues to act as resistance.

S&P 500 E-mini Futures 19th January 2013 Weekly cycles

S&P 500 Monthly & Weekly cycles

Weekly close above 1474 is likely to see the trend continue to push towards the Weekly and January highs @ 1496

Trend guide is now based on 1470.50

whilst those highs @ 1496 is seen as resistance.

S&P 500 E-mini Futures 12th January 2013

S&P Monthly & Weekly cycles

Trend bias is to continue higher, as per Previous Weekly report..

However, I still have some resistance around 1475...

Whilst the trailing Weekly levels are used for random Support zones.

S&P 500 E-mini Futures 5th January 2013

S&P Primary & Weekly cycles

Long term targets for 2013 are 1493 & then 1519

I would be taking profits my stock positions once the market reaches 1519...

& with long term support around 1380 & 1351...

Short-term:- trend bias is to move towards the January highs, which is seen as a random Resistance zone....

Whilst the previous Weekly highs @ 1437-43 as a reversal zone & Support during January