Monday, January 4, 2016

It’s January 2016, and the S&P 500 (SPX) performance in that month is the most important barometer for the reminder of the year. In about three weeks, the Wayne Whaley Nov 2015 – Jan 2016 will be released. The track record is uncanny, and we’ll continue to use it to determine 2016 market performance. In the meantime, the bias is still for the SPX to test the weekly TDST Support at 1850.61. From there, more backing and filling, but judging from the monthly S&P 500 (SPX) chart, all bets are the table for both a huge rally or a crushing loss.


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

Neutral again if SPX closes above 2062.28

Screen Shot 2015-12-31 at 8.09.08 PMStill waiting to see if the SPX can go the distance on the downside. Reiterating again: Bullish price flips are neutral and bearish price flips are bearish.


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

Bearish if SPX closes below 2018.94 either Monday or Tuesday. 

Screen Shot 2016-01-03 at 6.23.03 PMA lot of energy is spent going sideways. Even though a TD Buy Setup is active, waiting for another break under the viable 2018 TDST Support will give the bearish side a better chance of sustainability to the downside.


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

Flipping to Neutral if SPX closes above 2012.37 on Friday, January 8, 2016.

Screen Shot 2016-01-03 at 6.26.23 PMThis is the week. A close below 2012.37 will make a statement that the 1850.61 TDST Support will be tested. This is the preferred since it makes it easier to time a reversal. Failure to close below 2012.37 will signal more directionless chop.


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

Neutral until further notice.

Screen Shot 2015-12-31 at 8.58.17 PMIt’s now month number three for the TTM_Squeeze. The sweet spot for the monthly SPX to end the rally was back in April to August, 2014. With all that surplus gains since that time, the SPX needs to work off all that excess by either continuing to waver back and forth for many months more, or begin to slide starting this month.


Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

4 Responses to Monday, January 4, 2016

  1. Gary says:

    Art, in the video he said pay very close attention to the opening on the 5th and follow through for signs of a bottom. Did the markets trade in a way that they fulfilled Tom’s bottom signals? I assume not, given the continued weakness. And, if not, then the 1974 area is not going to be the bottom he said to look out for?

    • Art says:

      Hi Gary,
      You’re right on your assumption. I’m sure he has a new roadmap now. Btw, the TD charts for the SPX cash are in the bounce zone, which is currently happening. The short term SPX recorded a 9 yesterday, and likely to go into TD Countdown. Daily SPX is on a 7, which makes a low next Monday or Tuesday.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s