Thursday, December 24, 2015

MTU Weekend Ed. - Santa Rally and Looming Volatility (12/24/15)


SPX delivered a golden cross as well as a Santa Rally of 3.085% from its recent low this past week (see Golden Cross, Gap Fill, Santa Rally(12/18/15)). Besides the possibility of the rally continuing (Chart 1-blue, Chart 2-blue,green), price actions open the possibility of meaningful volatility in coming days and weeks (Chart 1-red, Chart 2-gray, red).


These tracking scenarios in SP500 may be corroborated by those in the Dow Transports (discussed last week).  See Chart 3 and Chart 4.





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