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S&P 500
5,184.03
(
0.06%
)
US TECH 100
17,612.00
(
0.01%
)
Dow Jones
38,872.18
(
0.05%
)
Brent Oil
83.16
(
-0.38%
)
Bitcoin
63,169.66
(
0.01%
)
Post# of 51779
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Oddlot

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Oddlot

Re: None

Wednesday, 03/23/2016 2:17:17 PM

Wednesday, March 23, 2016 2:17:17 PM

Post# of 51779
Imho the top of this corrective rally is in, and the next target is the nominal 13week low expected approx 5/12 in the area perhaps of 180-185. The longer trends are down as evidenced by 39week MA trending lower with lower channel boundary below 175. The 7 yr CCI is headed lower after a sell mid 2015, and the channel supports targets of 140 and possibly 125.

Holding 6 units short SPY at avg 204.01 with a long term bias for most of them.

Oddlot

Stay on the right side of the cycle!

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