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Strategies & Market Trends : Humble1 and Swing Trading Friends
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From: humble112/16/2016 4:19:20 AM
   of 41017
 
blab: 12/16/16

there is no reason to expect a red close today, imho. this is a rocket ship to planet spx 3000. expecting a gap up open and a close at new ath today. yes, some sentiment readings are sizzling but not good alone for pivot identification. usa equity underinvestment is enormous. the slightly hawkish fomc statement is fundamentally bullish.

that 2084 low on 11/4 is enormously significant in time and price. it alone has two spx 3000 targets tied to it. that 2084 pivot was clearly the end of the long sideways consolidation which started in late 2014.

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