Short term update

The bigger plan has not changed, the trend line is being tested again.
I was expecting one last push higher (which we see now) but with five red days in a row I have let myself to be misled that the move lower has begun..... I am an idiot, I knew it that with this "fiscal cliff drama" a sharp rally is to expect....
If I am right in the next several days this move up should be over or I am completely wrong... we will know that very soon.

Short term update

HAPPY NEW YEAR !!!

I wish you all the best and I wish you and me to be a better traders in the new year 2013 :)

The futures recovered before the open, market breadth indicators were short term oversold and the fiscal cliff drama gave the indexes the reason to rally.... so the red scenario has played out. My plan stays the same - lower high 1435-1440. If I am wrong 1475 here we come (the red line).