Wednesday, January 7, 2015

10,000 Feet High

The table below is a summary of my 10,000 feet level view of the market.


(click on the table & chart to enlarge)



From the charts below, the indices have bounced off the September closing high level. It is remain to be seen if this is just a dead cat bounce or another ‘V’ reversal off the September closing high. If the indices can't hold above the September level, then the next potential support level will be the December closing low.

DJIA:



SPX:



NDX:



RUT:




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