S&P and DOW futures 7th April 2014 Monthly Report

Primary trend suggests further gains towards the 2014 highs, as part of the 2013 break & extend pattern (Dilernia Principle)

Personally I would begin to unwind any margin LONG positions around those highs.
 Previous Monthly Report

S&P 500 Primary and Weekly cycles

 

Primary trend continues to remain stable, as it head up towards the 2014 highs.

 

I would being to off load any margin positions around those highs and move to the sidelines,

and wait for the next pullback in the Quarterly cycles, as illustrated in the next chart

 

DOW Primary cycles

 

The DOW is following text book Dilernia Principles, as it follows the Primary breakout in 2013 towards the 2014 highs, whilst the Quarterly dynamic support levels provide the precise re-entry points. Once again I would look to offload Margin positions around those yearly highs..