If I don't see any red by 10:01 am, I'll probably close my downers as the early entry signal on the 15 minute ARTs chart we saw on Friday appears to be failing. Think there is a little to much positive spin from getting an extra 10,000 jobs last week and the EU renewed committments. We may be getting a holiday bounce continuing into tomorrow at least. May actually buy some uppers if we get a Kiss north as we are now in the upper half of the the BB now on the daily chart. Stockcharts.com commented that this could actually mark the end of the 5th wave of the this cycle down that began with the July top. They also showed some key areas improving to the upside. I have to catch up with my Cycles News and Views updates, but I would bet they may be predicting an overall up cycle here also.
It's actually beginning to feel that we are in a significant cycle up here and I suspect SPY 125 is the target. But I suspect it won't be a straight move up and if I have my cycles theory correct, there should be 1 minor leg down along the way. Again, I suspect the ARTs 15 minute chart will probably once again get it right so my predictions here won't be relied on, lol.
Good luck all.
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