23 Dec 2013

Many are off on vacation, but prices still remain in an uptrend.  Low volume or not, markets are still working their magic.  I believe in an intra-day basis that there is another stab higher before we move lower.  We will assess how or what type of move down, when we get to that stage.

Before I continue, I would like to say that SPX 1830 is on the 135 Deg. of the Gann Sq. of 9 chart. Usually a nice resistance / Support.  In this case, it would be a resistance, how much remains to be determined.  The chart below shows 183 which I multiplied by 10 so I don't have to expand to such a big graph.

Todays high of 1829.75 proves there is resistance just above it.

MT: UP (Unconfirmed)
ST: UP