TRADING DP

[TREND1]

12/5/16



Ultra-Short-Term Indicators: I don't like the negative divergence on these indicators. Overall, they are neutral due to no climactic readings. The VIX is back to lows, but could move lower. If it moves lower and competes with previous low readings, the market is vulnerable to a decline.




Conclusion: Ultra-short-term indicators haven't yielded climactic readings, but readings are diverging negatively from price.

However, short- and intermediate-term indicators are bullish.

It appears price has found support at previous all-time highs around 218 for the SPY. I'm not overly concerned about a breakdown below 218 as other levels of support are available and as noted, short- and intermediate-term indicators are bullish.