Don’t look now…here it is again

Image

S and P 500 Futures, 3-month Daily Chart (click to enlarge)

Will we go higher from here or break the little back and forth trade that makes many millions?

I know it is cold in New York. I know Seattle vs. Denver is not the best Super Bowl match up for people in New York or Chicago. I know QE is being reduced. I know emerging markets are suffering currency issues. But patterns are patterns. So, if it does break, what will be the lay up trade in the coming months? How long before the market participants conjure up a new routine? Simple inertia should keep this ball rolling. I don’t like inertia, but we can’t deny its affect on human behavior.

Image

250,000 Peaceful People Rally in Taiwan

Truly spectacular action is required to change inertia.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s