So far the support at 1995 held.
There's a possibility of 4 weeks climax to 2130ish.
After that (if happens) the market will likely be in corrective mode.
The Key pivotal support will be the region 1900/1960. Then 1800 and then 1650ish.
- Slow is strong, fast is weak...
- i.e. if spx goes to 2130 early in feb15 it is most likely over.
- if the market wants to go much higher, it needs to change regime and be slow so the limiting does not retain the progress (not what we have right now and I dont see the regime changing out of magic, possible though)
Now, playing stats, Longs have a little edge versus shorts from here... I would not be entirely comfortable on longs and would watch it very closely.. below 1980, it becomes icy...