Tuesday, January 1, 2019

MTU Year-end Ed. - 2019 Outlook (12/31/18 close)

SPX is facing a larger degree decision point as the Q4 selloff in 2018 has brought SPX  to its post-election support.  The question is whether SPX is correcting the post-election rally (Chart 1) or something larger (Chart 2).  If it is the latter, the next layers of support is around 2000 and 1700.

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