- WE'RE JUST RANDOM SPECKS OF DUST IN A TORNADO TO THE MARKETS .......
- CHARTISTS MUST PUT ALL BIAS ASIDE AND LET THE CHARTS DO THE TALKING OR WE'LL SEE ONLY WHAT WE WANT TO SEE
- This blog has a copy of all header posts that I publish anywhere, so that those interested in seeing what my thoughts are on the markets can find them easily.
- I will be answering questions and responding to comments, so feel free to respond to any posts and I will see your comment even if it is not on the most recent post.
- If you're interested in seeing any intraday charts I post, I do that on twitter, and my twitter handle is @shjackcharts.
- The charts in the posts are as large as I can practically make them. if you would like to look at one more closely, click on it, and the link will take you to a larger version at screencast. If you click on that again, you will get a full page version, and can use the resizing function on your browser to enlarge parts of interest further.

Monday, 29 December 2014

December Bull Bias Ended Friday

The stats were strongly with the bulls last week but that ended on Friday. The historical stats this week are neutral today, tomorrow and Friday, strongly bearish on Wednesday, and the markets are closed of course on Thursday. SPX needs a retracement to set up a decent rising support trendlineand we  should see that this week before SPX makes the first run at 2100. SPX daily 5 DMA chart:
How far will SPX retrace? Not that far I suspect, though I do have a couple of options that make a retracement to the 2040-60 area a possibility. SPX 60min chart:
I'm writing this on my iPad at a restaurant using a new bluetooth keyboard, though I did the charts earlier as it seems that Stockcharts are never going to release an iPad app. I'm going to try to post every trading day this week but I have guests so I may not manage it every day.


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