CosmicDust

SPY monthly chart - 12/13/2014

AMEX:SPY   SPDR S&P 500
spy
How market closes this month and next January will be critical. Very bad thing can happen if the red support line is broken. Note RSI has already broken down (blue, red, green lines all broken), but we will have to wait until the end of this month to get a fixed reading, meaning the market still has a chance in the next couple of weeks before year end to fix it (it will be bullish if RSI can go back above the green and blue lines - tough but still possible).
So . if it finishes in lows, bad year start, in greens - good year start
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