Until 10:30 ET the diagonal trendline break will occur at 1112.75 - 1.5 or 1111.25 basis SP futures. Stop is safe right above the throwover high 1118.75.
These earnings are rear view. All the leading indicators show a slow down not to mention the coming tax burdens. This rally is close to over if not over now. I still expect I1 to take the market down by the end of the week.
Steve
ReplyDeleteThese earnings are rear view. All the leading indicators show a slow down not to mention the coming tax burdens. This rally is close to over if not over now. I still expect I1 to take the market down by the end of the week.
Jack C