-.inflowing liquidity levels remain in high expansion territory
-increasing short-term institutional accumulation
-leadership stock ratio increasing to +1.65
...however,
...the market lost its grip on the SPX 500 *1300 psych barrier, likely been spooked by continued unrest in the Middle East, but could just as easily be the beginning of a correction brewing in the pipeline for some time.
...the obvious immediate target below first line support *1292 sits at the January 11 Low *1270. A violation of *1270 will signal further weakness ahead with the January 10 key support *1260 a 'Must Hold' to avoid a deeper sell-off with current *1224 trend line support in the 6-month weekly trading set-up as a minimum target
Kind Regards
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