I think the market still has a savage burn ready to go comparable to the one we had coming off the August 24 lows. All shorts must go!
A sharp decline over the rest of January will setup a beautiful head-and-shoulders that will send us hurtling toward 1600 into mid-March.
After that, it's every man for himself, and NIRP for all by June.
|SPX 01-01 2Y|
The Fed will panic and go all-in.
Cheers to a good 2016.