The market appears to be early in a 5 day cycle up phase that began yesterday afternoon. So far, it is weak but it is working on breaking out of a downtrend channel, as of 4:30 AM New Yak time.
If successful, it faces possible uptrend resistance at 3805, and if successful at getting through that, at 3815. Then, if that’s cleared, the next step would be to test the high around 3825.
None of that is a slam dunk. Primarily because of this.
It’s an issue I have covered and warned about for months, with the latest update here
Tax Collections Did Better in December But The Bond Market Still Broke
I’ve talked about the likely inevitability that this breakout would happen, why it would happen, and what the implications are for investing and trading.
KNOW WHAT’S HAPPENING NOW, before the Street does, read Lee Adler’s Liquidity Trader risk free for 90 days!
Act on real-time reality!
