The S&P will top at 4540-4601

%%
HE HAS logical channels;
but looks like with JAN up strong/SPY up to $420-$430.SPY= above 200 day moving average also.
XOM + CVX may go down more than that %. Nice down moves YTD.
NOT a prediction

 

My current spx range is 4326 to 3986


Caveat emptor

 

There's no top. If you manage to get any drop that isn't and instant V, then you can worry, but this is the most unstoppable market ever.

 

Shorting 4477’s here

 

Looking for spx to retrace from 4440-4460 back to 4202-4229 touch

 

Some will never learn. Look how much force is behind the rip this week. It's insane how unstoppable this market is!

 

Secondary's would be 4073’s and 3982’s but will have to reevaluate at the 4202-4229 touch that is high probability

 

i once said the sp would print 200 when it was 190

 

NO you are seeing the collapse of the dollar value.

 

Not a top call, but it's worth keeping in mind that markets always appear the strongest near a top as late buyers and the crowd are rushing in. You can rest assured that plenty of people bought the very top and are already in drawdown as the market is now pulling back pre-market.

The type of trend day we saw yesterday commonly can reverse the next day. It can continue, too, but the key take-away here is that it may very well not.