thursday, page-68

Andrew

Of course we could rally from here although Dec in year 10 is not normally bullish.

The yearly pattern was for a June Oct and Dec low so I suppose you could say June was close enough and the Dec low is in. Oct failed.

But a rally into March or so is very valid, just wonder if it starts now or later.

Today seems to be doing the right thing. Had the gap up held then it would have meant we were forming a blowoff top. With the pullback here it actually allows a big move up Monday if it wants and still will be bullish.

As it is today likes turning more indicators bullish with only a handfful left.

The moneyflow T square thingy suggest a top over the next few days for the US and I note Monday(even tonight) would be new moon and also 30 days from the Nov top.

Serious resistance at about SPX 1128/9 with double major fibs so probably that stops things and then we see.

We have had 2 low put/calls and 2 low Trins so something of a worry.

The dynamic high of SPI 4737 for last night and today seems to have worked and doubt we close above it this arvo as was suspected.