12/31 - stage 4a (support strong)

SPX - back to support


SPY - big breakdown last minutes


SPY 60 - virgin but also back on support from resistance


RKH - sidetrading


XLF - side as well...and near support too


UUP - side for over a week


VIX - resistance from trendline...not hit old high yet

• big drop means stage 4
• strong support near the close and far from 30ema..
• conclusion: going to get a bounce on first trading day of the year...that might setup a longer term drop later...
• but good chances this week will sidetrade, which of course really will disappoint the eager bears
  

12/30 - stage 3a

SPX - side lately


SPY - stage 3a


RKH - stage 4 still

12/29 - stage 2c

SPX - still bullish but not really rallying yet


SPY - losing steam?


QQQQ - consolidating slightly today


RKH - getting ever so close to breaking down


XLF - closed below 30ema...support below though


XLE - energy was a laggard and today closed below 30ema

• overall, things are starting to shift into consolidation...nobody seems to be buying despite the santa rally cries...looking like we will close out this year in a small consolidation range more than a huge surprise rally
  

12/28 - stage 2c

SPX - bullish but doji


SPY - bounce off 30ema...to stage 3 or more stage 2?


RKH - resistance AND support held...higher to resistance i think


UUP - straddling support...near breakdown


VIX - resistance held...stage 1

12/24 - stage 2b (keep holding longs)

SPX - small santa rally still continuing


SPX weekly - think the rally can get up to 61.8 fib, not just 50% fib people been staring at


SPY - bullish, no resistance


XLF - bullish breakout


RKH - the laggard has strong resistance on close


UUP - a reversal here makes me believe that SPX can reverse too as i feel a big chance in an commodity that was closely related to SPX recently will signal a change in the market environment in general...and as we are bullish, now, a change would mean bearish

12/23 - stage 2b (doubting big SC rally)

SPX - still above support...but volume real light today


SPY - ascent seems to really slow...maybe getting ready to turn over...sc rally? dunno


QQQQ - very steady rally underway


RKH - below support and 30ema...if market goes lower, banks are at fault as always


UUP - dollar starting to reverse too..when things reverse, usually the current trend in SPX does too...this would be bearish for SPX

• santa rally coming or no?
• i got a 60% chance on no rally...
• as a current bull, i don't like the reversal in RKH, weakness in XLF and SMH, and the stage 3 consolidation of UUP at strong resistance...all these tell me that the current landscape is already starting to have cracks and might reverse...that would mean that we will head lower, not continue higher
• only bright spots is that we are still above resistance, light volume usually means buying, and QQQQ and IWM remain steadily climbing
  

12/22 - stage 2a...(atleast 1 more day of rallying)

SPX - ascending triangle (lil) breakout...higher but very slight and light volume


SPY - resistance becomes support, finally!, stage 2a


SPY 60min - clearly no resistance ahead


DJIA - cleanest rectangle is still a rectangle...but room to move atleast 1.5 days higher

IWM - new high on the small cap too


VIX - new low for the biggest bullish indicator of them all

12/21 - stage 3c (santa is here!)

SPX - ascending triangle


SPY - resistance holds up yet again


QQQQ 30 - broke above resistance...similar yesterday to today's SPY


QQQQ - maybe this is how SPX will look tomorrow


MDY - another index that has broken out


RKH - huge move from banks lately


UUP - dollar continues its rise...unhinged from SPX altogether though

12/18 - stage 3c (santa is coming!)

SPX - think 30ema can hold and be go higher to resistance from here


SPY - mini resistance and support everywhere...


XLF - back out of the deep stage 4


UUP - resistance should hold..giving media a bs excuse again for santa rally next few days

12/17 - stage 3c

SPX - possible ascending triangle forming...watch 30ema support


SPY - below support, looks like it will test the lows


XLF - falling lower like how RKH has done lately...very bearish


XLF daily - bearish but can easily hold support


UUP - strong resistance...might not affect SPX, but should affect commodies and gold