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