12-19-2011 outlook

Friday showed a slight gain as expected.  Given the 40TD DPO projection one would expect more upside.  This may move the market slightly higher today.  Looking at the situation over the weekend it appears to me that we have a 20 week (Wall) cycle that should bottom by early 2012 which may prevent much of a move up as the 40TD up and 20 week down are off setting each other.  If this proves out we may have little change going into Christmas and sink the week after Christmas. 

Her is my interpretation of the SPX swing cycles:

GL traders.  Uncertainty reigns.