28 Dec 2015 - Closing Out The Year

Can the SPX close below the 200 day MA for the year?  Technically, with everyone still in holiday mode, it can go both ways.  Light volume can be manipulated to move one way, and I for one would not put it past MM's if they decide to close out the year on a somewhat positive not even if that is just a few pts. above the 2015 open.

With the ST being on the Up-trend, we should still look along that direction.  But do note that the chart below not only shows the highlighted 200 day MA (Red), it is also Highlighting previous supports which is now a resistance to our price.  Indeed we are looking for a yearly doji by the close of this week, unless there is a miracle of sorts and price rockets up out of nowhere.

SEN: Bearish
ST: UP
PA: NA