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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
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Dots

...If the dots don't connect, gather more dots until they do...

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UPCOMING (MAJOR) ECONOMIC EVENTS...
* Mon. July 3 @ 1:00 pm ET ~ U.S. Markets close early for Independence Day holiday
* Tues. July 4 ~ U.S. Markets closed for Independence Day holiday
* Wed. July 5 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Fri. July 7 @ 8:30 am ET ~ Employment Data
* Wed. July 12 @ 2:00 pm ET ~ Beige Book Report
* Tues. July 25 ~ 2-day FOMC Meeting Begins
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* Tues. Sept. 19 ~ 2-day FOMC Meeting Begins
* Wed. Sept. 20 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
* Tues. Oct. 31 ~ 2-day FOMC Meeting Begins
* Wed. Nov. 1 @ 2:00 pm ET ~ FOMC Announcement
* Tues. Dec. 12 ~ 2-day FOMC Meeting Begins
* Wed. Dec. 13 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events

Wednesday, December 03, 2014

SPX Update...2150 by Christmas Day?

There are 15 trading days left until Christmas day. The SPX closed today (Wednesday) at 2074.33. If the SPX gains just 5.1 points each day until then, it will reach target resistance of 2150, as mentioned in my post of November 1st. Although the Momentum indicator is declining on the following Daily chart of the SPX and not confirming this latest rally, it's still above the zero level and has made a higher swing high, so anything's possible.


Stay tuned until Christmas...