Click On Charts To Enlarge:- Charts on this blog include - Cyrptos - Stocks - Forex - Market Indices - Commodities - Bonds

Thursday, December 31, 2015

SPX to start the year down


The SPX mth chart here shows what could be a rejection off resistance. It is not confirmed until the January candle closes. The stochastic is slightly crossed up which can be a lead that the outlook is more sideways than bearish. The kijun sen has flattened out at 1935. As I always say. We use the if/else process. At this point we have a distribution channel. More than that we can not say.


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