Sunday, December 25, 2016

Week of Dec 26, 2015 outlook

I said last week: "10 week cycle near top and should turn down in coming week.  I expect some weakness into Christmas".  Still under 20k on the Dow as we got some down days in the week.  So my expectations were fulfilled.

It appears the 10 week cycle did top and turned down.  That down pressure from the 10 week cycle should continue into the new year.  Some may be holding off taking profits until January since Trump has promised reduced taxes.  We'll see soon.

Have a pleasant week and happy New Year.

Dec 29 - UPDATE

FLD (line) touched from above, Potential sell off...

1 comment:

  1. Hurst signal - SPX 40 day FLD touched by price from above, potential sell off.