4xForecaster

Coming to Overhead Resistance | 4xQuad.com | $SPX $SPY #SP500

INDEX:SPX   S&P 500 Index
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Coming to Overhead Resistance | 4xQuad.com | $SPX             $SPY #SP500


Markets are raging bullishly on the back of an "indefinite" qualifier in reference to bond purchase tapering. This has continued to propel the stock market throughout this closing year, however, 2014 is nearing at a different beat.

In addition to continued tepid real unemployment levels, increased mortgage rates and decreased velocity of money, now comes into play disguised tax law changes that will weigh across all income earners.

Therefore, increased deflationary concerns should start stirring need discussion topics across news channel, as market participants might have to make real choices at home as employers, consumers and investors.

On a pure technical basis, the chart included herein is also offering a visual context to a real and probable reason for concerns.

4xQuad remains NEUTRAL at this point, on the basis of technical events perceived ahead.

David Alcindor | 4xQuad.com
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

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