sp'daily5
Summary
I realise some will be looking for much lower levels in the days ahead, but price action is not bearish. At best, despite some lousy econ-data, the market looks pretty strong.
The daily chart count is my best guess, and links with the bigger weekly outlook...
sp'weekly8
Best guess...we see a key inter'3 top...at the next FOMC, when taper'3 will probably be announced. From there, market gets trashed for a few months.
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VIX update from Mr T (due)
*oh well, I guess the guys at optionmonster are not posting today.
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time for tea!
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Notable mover: UAL +4%..more on that this afternoon.
12.23pm.. The two leaders - Trans/R2K, both look okay on the daily charts. Sp' daily chart now looking very strong.
Holding to all original targets..that stretch back to last summer.
...just a few more weeks...