WOW

Yesterday I was excited to offer the buy signal, but then I went to the timingshortterm group and they told me the time and the wave LOL
Greta work all.
AS "LOU R" used to say, so what can you do for me now!

This first chart will show the resistance. and the buy bias of Advanced Get.

Now on this chart I want to show the 10 corrections of approx %5.
If you notice the corrections have been getting shorter and faster.
I don't know were this will take us,.  but it seems that a long running rally
is not possible yet.I will watch 2079 for now SPX Jerry O

buy signal

Today Wed of Wolly World we received a buy from the MA and the Vix (no chart). Today is an inside day and I consider those bullish, most of the time. The Fed notes helped general  holding power of the rally.

Unless we open weaker I think we rally. Opening tells the story. DAx looks strong also.

The market went down big today, right to major support. Was it oil, well there should be no linking to oil so must be Euro hustle.
If we don't turn up here then 1972 is next. I offered a sell on the 30th of Dec but didn't think it would be much more then were we are today.

If we go lower then I was wrong.

Click chart to enlarge

Possible Buy coming

A short note. For Monday Jan 5th a possible buy will come at Spx cash 2060  and Vix 15.72. Not saying at this early date it will happen.
Jerry

Caution UPdate Tuesday close

 Went to a sell today on SPX MA cross and VIX MA cross.
Still will keep a caution flag up. Problem  Vix sell is at a higher then normal level and 2 the seasonal are very bullish,3 a 1 day sell you got to be fast and nimble.










 We  need to be cautious here. No sell yet ,but the $Rut out performing could mean that the big stocks will be flat, and it is catch up time for the small caps ( my hope). Or it could be a considered speculation running wild.
Lets look at the 4.94% model and the charts shows it could be real greed.
The ATR is also about where I have my support line.

click chart to enlarge

Looking at the $VIX just notice where the circles are located.
Once the bars cross the green MA it's a sell signal. I only point this out because today's bar is right on it.
I think you will know soon where we are going. 
So FWIW  Jerry O

Not picking a top

With a market this volatile I would like to point out I'm still bullish.
But nothing goes straight up and we have warnings.
We could be at risk of hitting the 2060 line in a flash. Advanced Get has issued a RED bias as a warning some work real well.
We are at a point where a minium wave 5 has hit and the crossing of the auto trend line, near the yellow horizontal .Congestion for sure.   Jerry
  click chart to enlarge

 Looking at FSC we need to break out above $8.16

Update 12-23-14

10-23-14 Market closed.
PRO's-I see no reason yet not to be bullish. All MA are on buy's. We remain above middle pitchfork so strong market.

CON's WE are at a minimal wave 5. Keeping the support at 2035 incase of a fat finger trade. Will move it up soon when we see how weak the first down day will be. NAS and Rut were weak today. New highs are where trouble can start.

Spx 2169 by Oct 2015?

First the Short Term

Nothing goes up in a straight line so we have to expect some weakness sooner or later.

Even thought I’m bullish,I have to keep a S.T. worry on the table. That is we could have a failure soon and a big drop.Many of my friends are in that bear camp. I think there is little worry but need to keep eye on supports. Personally I think we have low volume  with a higher tilt week. SUPPORT @ 2039.50  SPX CASH ALWAYS.

Click Charts to enlarge LONG TERM View
WHY Oct  2015, 360 degree of Oct 2014 low.   Jerry

New worry Wave failure

Click chart to enlarge.
New worry. We have broke out of the pitchfork that is not sustainable.
You would be hard pressed to find such events.
The other worry is a wave 5 failure or wave 5 top.
So key area is 2079.47 the old high.
Friday will be important day for all of next week.
Jerry

Whats not to like?

 Looking at interest rate stock that should have better days ahead with rising rates,I show one on my 2015 picks.
Double bottom and ending 5th wave. There is a list below. Buyer do your own
D.D.

 SPX ---Well we had an inside day by .14.
I like inside days as being bullish. Lets hope we go no lower than 1991 the original support line. Soft open can lead to big things. Or yesterdays close + today close /2  offer almost same support. Wave 4 support on chart. click to enlarge

Here we have my MA crossing another bullish sign if we can stay up.
2020 seem key number not my number but sounds good.
A straight shot probably not.


Jerry O