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

S&P 500 E-mini Futures 29th December 2012

S&P 500 Monthly & Weekly cycles

Two support levels for next week...

The first comes in around 1373/1374.50 for a minimum move of 14 points upwards..

Whilst the January 50% level is likely to form early resistance...

from there onwards the new 2013 Yearly 50% level comes into play around 1380

and that will decide whether the Primary trend remains up or not.

S&P 500 e-mini futures 22nd December 2012

S&P Monthly & Week cycles

flash crash on Thursday, but the market remains above the December 50% level...

As noted in last week's report, the market looks like its consolidating into the end of the year and the start of 2013

Weekly 50% level is the trend guide @ 1417.75

S&P 500 15th December 2012 Weekly Report

S&P 500 Monthly & Weekly cycles

S&P 500 trend guide remains defined by the December 50% level @ 1410.25...

And by looking at the price action, US markets seem to be consolidating into the end of 2012 & the start of 2013.

Next 5-days is short-term price action within the Daily cycles, as per Daily report