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| Happy New Year's Eve |
Wednesday, December 31, 2014
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Friday Thread
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| Canada/France/Spain/Portugal/United Kingdom/Hong Kong/Australia/New Zealand/Germany/Greece/Italy/Switzerland, all have the day off today :-( |
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Thursday Thread
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| SPX Daily |
This last month on SPX has been pretty wild. One thing I noticed is a gap on the daily from 1905-1909ish that was left behind. We have a decent setup now for a retest and gap fill back towards that level. Although, if the bulls step up here and push above this volume zone, it could be a while before that gap gets filled. A few closes on the daily chart above the 1987ish area would lean towards a challenge of the 2019ish highs. Personally though, I think the top is in for now... and we move back down to digest this move off the lows. 1900ish is a key level I'll be watching for the bulls to hold on any move back down. If it plays out that way, it would start looking a lot like a developing right shoulder on a larger inverse head and shoulders.
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