Update on Everything: Jan 11, 2013

  Around the horn with major indices and currencies…  Like SPX, most are at a threshold where they must either break down or break out (I think “break down,” but we’ll know soon enough.) Coming up: VIX, RUT, COMP, NYA, NDX, DJIA, FTSE, SPX, DX, EURUSD, USDJPY, AUDUSD, CL, GC, SI.  And, yes, I’m happy … continue reading →

Slip Sliding Away

We’re getting dangerously close to our downside target range of 1295-1323, first discussed back in April. 1349.42 — .886 of the purple Butterfly (tagged) 1343.41 — 1.272 of the yellow Crab pattern (tagged) 1340.03 — horizontal support, prev. Point X  (tagged) 1323.85 — 1.618 of yellow Crab (next) 1317.63 — 1.272 of purple Butterfly 1289.14 … continue reading →