YaKa

SP500 - IMPULSION ON THIN ICE - CLIMAX

FX:SPX500   S&P 500 Index
5

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.

Note:
- 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 trendline does not retain the progress (not what we have right now and I dont see the regime changing out of magic, possible though)
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