Ahead of earnings, AAPL has already reached our $180 price target:
Market Breadth Data******************************
Friday, January 26, 2018
Saturday, January 13, 2018
SPX Pattern and Trend
It's still early in the year to rely on annual pattern recognition, but here's a preliminary daily model anyway:
(Chart courtesy of OT Seasonal)
(Chart courtesy of OT Seasonal)
Wednesday, January 03, 2018
Tuesday, January 02, 2018
SPX Pattern and Trend for 2018
Despite the bullishness of the eight year cycle, we should not lose track of the fact that this is the second longest rally in the last 120+ years:
And, although there's no rule that says that this cannot become the longest rally in history, the odds favor a correction at any time. Therefore, it's very important to keep track of the yearly angles, pivot and cycle lines:
and in particular of the 2685 SPX level.
and in particular of the 2685 SPX level.
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