Friday, January 16, 2015

Charts 01-16 a.m.: Quick update

That finally it for "4"?  We kept within the .382 range for this correction.

Just wanted to post a quick chart.  Outlook for Spring 2015 shifted a little but essentially the same.  Still looking for new highs and a touch of the top Bollinger Band before opening up an opportunity for true impulse waves lower, possibly much lower.

Yes, add a head & shoulders to the mix, with a neckline at the 200DMA at 1972 SPX.

SPX 01-16 a.m.