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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: more100 who wrote (52016)	1/4/2016 6:18:39 PM
From: John Pitera	Read Replies (1) \| Respond to of 67710

Very sage advice regarding this being rough year for investors.. here are 2 SPX charts. The 60 minute SPX chart shows that we held the Dec 16th low in the 1990 area. The SPX daily chart with some Wyckoff methodology on it continues to look distributive..... it reminds me of the way that the USD had a large rolling top back in 2000-2001.... Crude and the Currencies are the canaries in the coal mine.... The Yuan continues to devalue the Mid August 2015th one day devaluation from 6.15 to 6.42.... shook the Global Equity markets and the Chinese Central bank is continuing to let it run.... Crude's inability to rally and some of the levels that we may see on the downside in Q1 and Q2 will really spill over the apple cart. John