30 Nov 2015 - Back To Work Monday

Hope everyone had a delish Thanks Giving in the US of A.  The daily chart starting off the week is showing weak momentum and a weak price movement.  So far no negative divergence can be seen unless prices in the SPX shoots up above the previous highs made in early Nov.

The intra-day charts is so far bearish for the hour with the ST still holding to the UP side.  Look to the intra-day charts to move back up above the mid-point to resume bullish trades, where an OS reading will signal a cover on those who are long the market.  Support and resistance still dictate the price movement sideways currently until we have a firm breakout from it.

Remember that the Market is currently up trending on a bearish market...

I was sent this by a friend and thought I would share it with you folks;
http://inflation.us/wp-content/uploads/2015/11/2016economiccrisisreport.pdf

If you are long, then you are probably one of the statistics on this report.  While the Smart Crooks have left the building with your cash.  Don't drink too much Egg Nog this holiday people...

SEN: Bearish
ST: UP
PA: NA