Throughout the year the capital gone out of Wall Street, and the pattern of "dead cat bounce" of 2008 seems to be repeating itself, on the other hand the index usually drops slightly in November to then climb in December, in the case of 2008 It was just to go up a little in December / January forming an accumulation zone. and its subsequent collapse.
We are in a pre-term election of the President of the United States year, if we look at the chart we are in a situation typical behavior that complements the graph of elections next year.
As I see in the Fibonacci levels, if the price breaks the level of 15350 tested in August this could go up to 13850. Charting a channel from mid-May is the intersection of 15350.
Complementing all ideas, apparently it is being completed ROUND CEILING:
- Objective 1: Bear
- SL: 15550
- TP: 15150
- Objective 2: BULL
- Start: Third Week of December
- Termination: First Week of January
- Objective 3: Bear
- Start: between 12 and 18 January
- Termination: See you in May!
You are always welcome
30 year chart: http://www.seasonalcharts.com/img/INDICES-CSH/DJIA.GIF
pre-election years: http://www.seasonalcharts.com/img/ELECTION-SPE/DJB_W3.GIF