DAILY MARKET RECAP Wednesday January 20, 2016

  DAILY MARKET RECAPWednesday January 20, 2016 Key Datapoints: Key Developments : H&S top pattern on S&P 500 officially triggers on a closing basis with a close below the flash crash low of 1867 Market Tests October 2014 Ebola Low and bounces back to test H&S neckline. SUMMARY : Despite the big rally and some decent trading opportunities,[…]

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Pre-Market Price action very similar to Yesterday. Appears to be inverted CUP/Handle.  Target on break below 1874 1897.75 – 1874.75 = 231874.75 – 23 = 1851.7523/1874.75 = 1.23% This could setup a nice bouce off the Sept lows to make a right shoulder. 

DAILY MARKET RECAP Thursday January 7, 2016

DAILY MARKET RECAP Thursday January 7, 2016   Key Data points: Key Developments :   Bearish Flag Target Acquired.   Market closes below 61.8 Fib, adding to the risk that August and September Lows will be tested.  SUMMARY : Today played out much like yesterday with the lack of much afternoon strength. The Bearish Flag target 1962.07 target[…]