Tuesday, December 16, 2014 6:50:44 PM
12/16/14 SPX
Intraday movements hit Fibonacci points nicely
Supports in chart
http://www.chartupload.com/images/66935499426303984992.jpg
Right now, index parks roughly in the middle way in between 2085 and 1846.
In the next 9 and half trading days, we will know:
(1) SPX marks new ATH (>2085)
(2) close below the year opening number 1845.86
(3) stalls in between (1) & (2)
chart, first release 11/20, latest 12/15
1560.33 is the dominant route
(core position purged, holding Corp Bonds for DIV)
(wait for new year & new plans)
Intraday movements hit Fibonacci points nicely
Supports in chart
http://www.chartupload.com/images/66935499426303984992.jpg
Right now, index parks roughly in the middle way in between 2085 and 1846.
In the next 9 and half trading days, we will know:
(1) SPX marks new ATH (>2085)
(2) close below the year opening number 1845.86
(3) stalls in between (1) & (2)
chart, first release 11/20, latest 12/15
1560.33 is the dominant route
(core position purged, holding Corp Bonds for DIV)
(wait for new year & new plans)
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