SPX500, not a ton of volume, but has clearly made a higher low and bounced off the top of this long term trend line. Looking for a new low somewhere around end of January then decision time from there. Of course any of this cold be invalidated with a massive move either direction.
I would be careful listening to the news, as they seem to only be able to come up...
Long DRV = 3x Short Real Estate. To me looks primed and ready to go in the mid term to short term. DRV has been heading downwards in this ascending channel, and it has broken to the upside of the channel. Target of that one is around 66.77. Since breaking out of that pattern it has created two smaller bullish patterns, another ascending channel, and a bull flag...
Been watching dow 30 futures for a while. Looking very bearish to me. Got rejected 3 times at the 200ma, just bounced off the top trend line of the descending channel, and created a double top.
