Monday, November 21, 2016

Gobble! Gobble! Happy T-Day to all

Does Santa wear a red suit for a reason?

It has been a rough road since May/July of 2015.  At this juncture I fully believe the tide is about to turn. I don't know how easy it is going to be given a retest of some proportion should certainly be in play. The last couple of years that real decline didn't come until we rounded the corner into the New Year.

I am personally looking for a high in a time frame from this coming Wednesday into perhaps next Wednesday. By now everyone knows where the targets are and it appears the hunt is finally on to find them. Why they couldn't have just did it and gotten it over with a year ago is a mystery but it is what it is. 

I removed the line with the first price objective on it

Wednesday, November 2, 2016

November 2, 2016

I stared and listened and honestly came up with nothing looking at the SPX Chart. The 2081 is the immediate line in the sand yet as I see it. Typical FOMC bullshit with a low probable today as long as that holds. That still holds us up around 90 points from what I see as the ultimate bull / bear line so not excited. I am still in the camp that says our ATH is not in yet. I think the next move above 2154 will be the last attempt at it though....