I really am not sure what to expect this week. The only thing I hope happens is that the kids finally start parallel skiing and the units I'm depositing in the private ski instructions pay off. As for the markets, low vol churn up is most likely. In total disbelief last year I sat in this same spot and watched it go up.
I am behind on updating charts and TOS out here does not have all of my annotated charts from home, so I am disabled somewhat.
The dollar appears to be breaking down or in some sort of corrective. As I have speculated, "they" allowed it to run some and now can weaken it again going into earnings season thus allowing possible strength to the markets.
As for the SPX, (pardon the non-updated chart) just look at the position of the indicators on the daily chart. I would like to say upside appears to be limited, but that is not a promise. I really hope the divergence on RSI and MACD hold. It is trying to get overbought.
Here is a pic of the backyard.
Happy New Year everyone!!!!!!
