Market Update Jan

The S&P finally broke its bullish flag, and technically ever if we see some profit taking, there could be higher prices coming on the S&P.

This week is OPEX week, so things could get a bit erratic, which is normal.

Here are some stats,


1/14: OE Monday, Dow up 15 of 20
1/18: OE day, Dow down 10 of 14
Jan OE week, Dow down 9 of 14



So could be a bit of a topsy turvy week.

bullish flag?

Interesting enough, the summation on the weekly chart is suggesting higher prices are coming on the market. We are at 735, however there is room to move to the 990's so breadth remains positive.

summation index

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