Tuesday, December 20, 2011

Year end update

 Strong bounce, up to 23.6 fibonacci. Closed above previous 4 days highs -> bullish
 Best expectation is 1255 on friday or tues after some consolidation wed,thurs. Market closed monday.

Wasn't expecting such a big move so took gains. Looking to add TNA on any weakness

Monday, December 19, 2011

Year end rally?


Trendline support, 61.8 fib support, maybe not much European news in next 2 weeks
If SPX holds 1198ish, my Kass/Demark call is a year end rally to a 1255.