S&P500 Hourly -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Day four and no sign of slowing down.  Earnings season / share buyback season is upon us again after the first week of January – another round of adjusted earnings (adjusted down) and buybacks to drive EPS – this is the queue for central banks to buy up more.  In the face of a contracting global economy, this is getting to be a miserable joke.   Up tomorrow and until the new year.

Click on chart to enlarge S&P500 Hourly Lies Dormant Until Noon And Then Ramps – More Of The Same Coming Until Feds Decides It’s Enough

S&P500 Hourly -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

The Bank for International Settlements – the central bank of central banks – former staff says “every man for himself”.

Click on chart to enlarge S&P500 Hourly In Another Vertical Ascent As Global Economy Continues Struggling

S&P500 Hourly -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

The RUT was up 3.11% today – another wide swing that often occurs in bear trend markets.  Expect a small move up or a reversal similar to those that have occurred since December 8.

Click on chart to enlarge S&P500 Hourly Gains 30 Points In Final Hour Of Trading – Massive Short Squeeze

S&P500 Hourly -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

We may sound like we are joking, but we are not.  Central banks continue to try to control market direction.  Yellen needs her “market is up” backdrop for Wednesday.  We would like to discuss technicals, but with central banks still controlling market direction, technicals have not been that helpful.  We expect to see the market drop at the open tomorrow and bounce once again – in preparation for Yellen’s bloviating on Wednesday.

Click on chart to enlarge S&P500 Hourly Could Fall Early And Bounce Much Like Today – Window Dressing Wednesday For Yellen

S&P500 Hourly -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Click on chart to enlarge S&P500 Hourly Gives It Up In Final Hour – Expecting Bounce On Monday
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