The New CS Board

[dindindon]

01/17/15 Outlook

Review:

Monday, 12/08/14 02:19:23 PM
Middle term upper rail projection
link

SPX http://www.chartupload.com/images/99280192870917928554.jpg
2079.76 2104.27
2069.93 2085.06 2100.20 2115.20 2130.46

DJI http://www.chartupload.com/images/35572302753628157028.jpg
18062 18657
17975 18103 18230 18357 18485

Status:
SPX
12/29/14 ATH 2093.55 (2092.03 is the mean between 2085.06 & 2100.20)
DJI
12/26/14 ATH 18103.45 (18103)

Outlook:

SPX Short term reversal
< 2018.78 to resume the decline.
> 2069.93 back to bullish mode. (numbers see 12/08 post)

SPX Short term lower target
- 200 SMA
- 1978.61-1952.75
- 1957.11-1924.90-1885.06

Bull Trend reversal
confirmation point is <1757 (SPX)

While the general consensus has reached an overwhelmed bullishness level. To be bullish, the serious test remains in between 2069.93 and 2130.46. Just gives a sense of the bullishness, the next obvious major cluster is 2213.50. but, bulls are calling 2500. (SPX)