- 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.

Tuesday, 31 December 2013

Out with the Old

Nothing much changed yesterday and I'm still expecting at least a test of the current highs before the retracement that I am expecting to start soon. The consolidation over the last two trading days has formed a clear bull flag, so a new high could well run into the mid-1850s. SPX 60min:
The SPX daily upper bollinger band closed yesterday at 1849 and if SPX has a strong day could well close today in the 1855 area. I have decent trendline resistance in the same area so I'll be watching that with interest as a possible short term high area. SPX daily chart:
Everyone have  a great New Year's Eve and Day. :-) I'll be doing a post tomorrow or at the weekend laying out what I see as the highest probability path for SPX from here into 2016.

Posted by Springheel Jack at 08:58
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