the day of reckoning is here, page-101

debono

Your cup and handle is interesting.

Apart from the 0,1,2,3,4 count, Jan 16-17 is a 20 year cycle low from 1991 for XJO NOT SPX.

So if Monday gives us a breakout to the upside it would suggest that cycle has been holding us back and now allows us to move significantly higher.

As for SPX we had a put/call of 0.37 (I am not sure I have seen lower), bullish percent is just flatlining at 87, so much so that ma's have caught up with it, and historically the next five days are negative.

But do we move higher while US falters is the question?

I don't know, but not without precedent.