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Thursday, March 28, 2024

On Deck for January 2010: 1060 or 1160 in the SP 500?

On Deck for January 2010: 1060 or 1160 in the SP 500?

Courtesy of Jesse’s Café Américain

Here is a slightly different view of the SP 500 daily chart, showing potential retracement levels if it breaks down.

Try not to get in front of the move. This market is 70% program trading again.

Bonne Heureuse Année mes amis

SP 500 March Futures with Fibonacci Retracements (if there is a serious correction)

Longer Term View of the SP 500

And Then There Is Tech..

VIX: Back to Complacency
As a dog returns to its vomit, so a fool repeats his folly.


 

For last year’s words belong to last year’s language
And next year’s words await another voice.
And to make an end is to make a beginning.

T.S. Eliot, Little Gidding

The banks must be restrained, the financial system reformed, and balance restored to the economy before there can be any sustained recovery.

 

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