SPI Primary & Weekly Cycles
continues to move upwards into the January highs, which would be a good time to off load some positions. (previous Report)
We've seen an early push upwards towards the January highs and then some selling in the later part of the month.
If we look at the above chart we would like to see further weakness in the market with Random support around the February 50% level, which may or may not hold.
However, when we swtich to the S&P 500, we can see in the US markets there's more upside towards the 2017 highs.
I'd keep an eye on S&P 500 Support (READ US Report) and see if there's another move upwards in February-March
