S&P Futures

The January high is 939.50 and the recent high is 929.50. All long term indicators remain up and extended. This move is in it’s 10th week and the cycle ends 5/29. Be careful of any new move up that does not take out the recent high.

Daily – the next target area remains 940-947. a trade down thru 858.50 will start a down move to 787.75. there are already lower highs on the intraday in a down move to the target of 889.