Monday, January 5, 2015


Thought 2040 on SPX would hold in the first test, and it collapsed with ease.  There is no news causing this, which makes it more likely to stick.  The next support level is near the big gap, from the Fed day that ramped up the market.  That level is SPX 2016.  Looks like we will be going there either by end of day or by Tuesday.

Crude oil is really weak again today and that isn't helping investor sentiment, and Europe has fallen off a cliff.  Will have to widen my entry points in this type of market, and expect more extreme moves out of the blue.  This market is:  just vicious.

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