Monday, December 22, 2014

QUICK UPDATE: It used to be the market would climb the stairs higher and take the elevator down. Now it’s taking the stairs down and riding a rocket ship higher. Expect more of these peak/valley volatility going forward into 2015. Aside from the long term monthly S&P 500 (SPX), which is bullish, all time frames are back to neutral.


S&P 500 (SPX) SHORT/INTERMEDIATE TERM OUTLOOK: NEUTRAL

Bearish if SPX closes below 1972.74. 

Screen Shot 2014-12-21 at 8.27.13 PMIn no time, highs are already being challenged as shown on the daily SPX.


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