Monday, January 26, 2015

Not much is changed. The market is still whipsawing and there is no definitive trend as defined by TD Sequential.

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

Change to bearish if SPX closes below 2044.65 in the first half of the session or below 2063.38 at end of the day. 

Screen Shot 2015-01-25 at 10.14.05 PMThe short term uptrend is put to the test since the current TD Sell Setup has been perfected with bar 8 marking the true high in the series.


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

Switch the bearish if SPX closes below 2022.55

Screen Shot 2015-01-25 at 10.17.48 PMAlternatively, to minimize the whipsaws, the SPX four hour TDST Support at 1988.12 can be used as the bull/bear level.


S&P 500 (SPX) INTERMEDIATE/LONG TERM OUTLOOK: BEARISH

Going back to neutral if SPX closes above 2058.20 on January 30, 2015. 

Screen Shot 2015-01-25 at 10.19.49 PMThe weekly does not need to sell off hard to keep the TD Buy Setup intact. Another rally will also place the weekly in a alternating price flip environment.


S&P 500 (SPX) LONG TERM OUTLOOK: BULLISH

Neutral if SPX closes below 1972.29 on January 31, 2015.


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