1- DOW JONES CUP/HANDLE TARGET 20K
2- STOCKS BOTTOM / SP500 V BOTTOM PROJECTING NEW YEAR HIGHS @ 2040
Lots of fear and bearishness on TV vs last month today...— Chicagostock (@Chicagostock) February 9, 2016
FOMC next week... Spoos known for rallying into these minutes.... #FWIW— Chicagostock (@Chicagostock) February 12, 2016
3- 30 YEAR BOND MARKET TOP
4- CRUDE OIL BOTTOM
Saudi said no production cuts and CL holds 31. Bears are in trouble...— Chicagostock (@Chicagostock) February 24, 2016
Oil also began the year on a negative tone with bearish fundamentals. The new lows in February failed to expand down, setting up a failed breakdown. As news came out that production would not be cut, which fundamentally was bearish since it kept the supply high, the market rather then going lower, traded higher, which turned to be a sign of too many bears caught on the wrong side. Not to forget the famous words "If you are long oil get it through your head..."
Oil bottom?— Chicagostock (@Chicagostock) February 24, 2016
"If you are long oil get it through your head"... https://t.co/EA2r23mPDz
5- SP500 ELECTION V BOTTOM PROJECTING 2276
The US election turned out to be Brexit 2.0. The market traded from 2152 down to 2028 and back through 2152 in the same night after the election results. The V bottom and recovery above 2152 gave way to expand the 124 handle range up to 2276, completed in December with a 2273 high.
2273 high from 2152 breakout. Close enough to say cup/handle objective of 2276 met. pic.twitter.com/NUJPX7UADg— Chicagostock (@Chicagostock) December 13, 2016
Click here to Subscribe
RISK DISCLOSURE: PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING FUTURES AND OPTIONS IS SUBSTANTIAL AND SUCH INVESTING IS NOT SUITABLE FOR ALL INVESTORS.