SPI Primary Cycles
The SPI is moving up into the 2013 Primary cycle highs, and in my opinion hitting some major resistance levels for 2013 around 4853/4880
These upper levels are ideal zones to begin to lighten up stock positions and wait for the inevitable pullback into the trailing 3-month lows some time in MAY-JUNE
SPI monthly & Weekly cycles
As noted in last week's report, the market was likely to remain above 4725 for the next 5-days...
but the January highs failed to form a resistance zone that has played it's part for the past 4 years.
Next Week's highs match the Primary cycle Resistance levels...
Whilst a Monthly breakout (January) can often extend up into the following monthly highs, this time February
