It may be the time to be merry and all that, but it's also the time to be busy at all kinds of things. At least thats MO right now. Anyway, above chart posted just a week before Christmas with an expected high going into Christmas day. Not much exciting going on right now as the trend has been flat and sideways for the past month or so.
Above is the S&P crossover technique that is used to target future price levels. As you can see, I have simplified the signals a bit and two of the signals have been met with 3 others still to be reached. These remain in the 1,200 snp area and up around 1,400. Yes, they are still "live" targets that will be hit before any type of a major correction.
And last by surely not least is Tom Drakes 2cs. Not much happening here just as not much has been happening in the overal markets since early November. Interpretation? Sentiment still remains at overly bearish levels.
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