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December 24, 2013: THE YEAREND RALLY CONTINUES WITH POTENTIAL RISK OF SHARP THROWBACK TEST MILDLY ELEVATED. ALTHOUGH RALLY’S ANGLE OF ASCENT IS NOT SUSTAINABLE, UNDERINVESTED BUYERS MAY SUPPORT PRICES UNTIL EARLY JANUARY.

12-26-13 SPX Daily Headline Chart

December 23, 2013: Sellers stand aside as yearend bullish seasonality lifts prices higher. However, a measure of caution is warranted due to the current trendline’s extreme angle of ascent and lack of supporting volume.

12-24-13 SPX Daily Headline Chart

December 20, 2013: Buyers overwhelm Sellers as large participants square positions during last options expiration of 2013 and prepare for the final end of year push.

12-23-13 SPX Daily Headline Chart

Daily enhanced SPX chart with implied volatility bands: Daily enhanced NDX chart with implied volatility bands: Daily enhanced INDU(DJIA) chart with implied volatility bands: Daily enhanced RUT chart with implied volatility bands:

December 19, 2013: Market participants take a break following Wednesday’s extraordinary rally and bullish trend reversal. Caution is warranted Friday as the last options expiration of 2013 may see random prices spikes as large participants square positions.

12-20-13 SPX Daily Headline Chart

December 18, 2013: Buyers regain control as Sellers are overwhelmed by the reaction to the last FOMC meeting of 2013. Overhead resistance layers are recaptured as well and now will be new support for any future throwback tests.

12-19-13 SPX Daily Headline Chart

Daily enhanced SPX chart with implied volatility bands: Daily enhanced NDX chart with implied volatility bands: Daily enhanced INDU(DJIA) chart with implied volatility bands: Daily enhanced RUT chart with implied volatility bands:

December 17, 2013: All participants await financial markets’ reaction to the last FOMC meeting announcement of 2013. Multiple contracted volatility patterns will be resolved following the announcement with a slight nod to Bullish seasonality.

12-18-13 SPX Daily Headline Chart

As today is the final FOMC meeting announcement of 2013 and the last for outgoing FED Chairman Ben Bernanke, it is by definition a “not” normal session. Concurrent with the FOMC announcement is the upcoming vote by the US Senate to complete the US federal budget compromise. Regardless of one’s opinion, it is the reaction […]

December 16, 2013: Sellers capture gains ahead of this week’s FOMC announcement, as Buyers attempt to stem losses with a nascent bullish reversal above the widely watched 50 day moving average. Reaction to Wednesday’s FOMC announcement will determine the direction of the next durable trend.

12-17-13 SPX Weekly Chart

  

December 13, 2013: Buyers remained sidelined with Sellers taking a break as well. Year end seasonality may assist Buyers defend support, but Sellers remain in charge until proven otherwise.

12-16-13 SPX Daily Headline Chart

December 12, 2013: Sellers remain in charge as the short term descending trend develops. Outcome of an inevitable oversold rebound will determine the severity of the current corrective phase.

12-13-13 SPX Daily Headline Chart

December 11, 2013: Buyers failed to maintain momentum with Sellers rushing in to violate multiple levels of daily support. Prices are extremely vulnerable with next level of support around the 50 Day Moving Average.

12-12-13 SPX Daily Headline Chart