S&P 500 E-mini futures 6th January 2018



S&P 500 Primary & Weekly cycles

Ideally we would like to see the market move down before it continues higher into the end of the year and follow the new Primary cycle highs in 2018.

BUY the DIPS! (previous report)

The Market rallied into the close of 2017 and heading higher in 2018, but it just didn't hit the BUY the DIP zone (yellow@ 2537) that has been so good to us throughout 2016 & 2017.

As we can see in the above chart, it's heading up towards the 2018 highs and my best guess beyond that later in the Year and into 2019.

Therefore we once again WANT to BUY the dips before it gets to that high early in 2018.

Note: Keep an eye on a break of the weekly lows for short-term weakness