FX:JPN225 Nikkei 225 index of Japanese listed shares
bouncing right off key fib and major support and squeezed between those and major resistance. New year could be break out moment big time, either way. I am leaning down. But the bulls may try to save it. TRIN way up, without spy price down, yet! Do we ignore death cross (red circle) or does it have its day and the buy back power players give up their fight, next week? Rotation is clear, small and mid cap flowing into the us30 big cap, and defensive sectors. Its only a matter of time, but how much? Oil price may decide it all here, because if dollar strengthens and oil has a further decline, rotation from large cap to cash may be the next move. Other hand, if oil bottoms here, and dollar weakens, big cap will not rotate to weakening dollar for value, may just rotate to oil , , gold , which would rise, and be a heck of a rising tide, lifting all big time. Wow! Pretty amazing time in history about to occur. IMO: as in 2008-09, oil took additional 120 days of to finally bottom. And all those yield chasers tempted to go long oil too soon will be hurt, and will also be hurt because there will be no where to run.