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Strategies & Market Trends : General market lab and commentary

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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From: Robohogs	1/23/2016 12:09:34 AM
	of 668

The most important chart you need to see. With nearly 100% recent historic accuracy (except August of course! But October fixed that), this week's rally IS NOT a one hit rally. Every single recent time like this week, next week was a big, big rally, almost always followed by 2-4+ more weeks. Now the caveat is that the chart is only of the bull mkt period. And every time except August we mad it back to top Bollinger Band, usually rallying 200-250 points. To make it there now would be 350 off the lows. Just targeting the Aug/Oct comeback yields 2050. We have serious resistance btw in 1970-2000 area. As an aside, personally, we cannot afford a backslide right now in economy as no tools are left. Congress won't act. Deficits are still high - for the point in cycle. Fed has only QE. I think all means will be used to try to get normality back.

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