1/10 Week-In-Review: Update by thechartpatterntrader.com Maurice N. Walker Excellent detailed charts and extensive commentary update.
I expect prices to aggressively rally back up to key resistance on the daily charts on into the last week of January, shortly after Obama's inauguration. Then that I expect the forces of a negative 4Q of GDP to take it's toll on the market, and smother this rally at resistance. I plan on exiting my long ultra proshare positions before 4Q GDP is release during the last week of January. Usually it is released the last trading day of the month.