Monday, April 25, 2016

Aaaaand ... cue the ending-diagonal

Now is exactly where we would expect to see one.  Waves (i) and (ii) in so far, on the way to new index highs.

SPX 04-25

Of course, we still want to see breadth and volume trail off as the tape grinds higher, into the May 11 turn window.

Tuesday, April 19, 2016

Now is about the time we start game-theorizing on the upcoming Fed meeting

Or do we ever stop?

We have plenty of room on the larger channel for a nice wave 4 low into FOMC.  Janet will bring liquor and firearms.

SPX 04-19

And afterwards?  2008 redux, of course.  But I don't think we'll make new sub-666 lows.  This will upset a lot of people, but we're looking at support that runs back into the Reagan years.

SPX 04-19 10Y

Tuesday, April 12, 2016

Can we spend the next 4 weeks topping out?

We may have a decent count and setup for a final rally high off new all-time highs on the S&P 500, about 4 weeks from today, with an anemic and flaccid gain of 100 more handles.

I believe that from here we would find our first support and bounce in the 1740 SPX region in mid-July.

The new gig is great!  No regrets at all here, none.

SPX 04-12

The Big House Plan for Senior Citizens

The great and glorious Phil Hendrie in his prime.


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