1-13-2016 Observations

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SPX -  Yesterday I was pointing out the reversal candle and we were expecting a move higher, but would it be just a bounce?

SPX REVERSAL 1-11

SPX - We will get follow through, so traders can trade it, but at this point I do not expect a return to the Bull run.  (See the weekend report for the big picture). Strong overhead resistance is pointed out, if the markets can make it to that area.

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1- 12 -2016 What Kind Of Bounce?

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We know that sooner or later the markets will bounce, but what should  we expect? A recovery or just a bounce? Lets check out the charts...

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SPX- There are points of resistance to be watched along the way.  Look at the Aug - Sept 'bounce'. That first month was rather lack luster, but the surge in October was brisk. With a reversal on Monday, we may get out move higher immediately.

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1-10-2016 Coming Together

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As time goes by, it certainly seems like the pieces of the puzzle are coming together to reveal the Big Picture that I have been discussing for months.  2016 could be a great year for some, painful for others if this continues. Lets review.

 

SPX WKLY

SPX WKLY 1-9.  

RUT - NOT VERY ENCOURAGING IF WE DONT GET MORE THAN A BOUNCE SOON

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