Trader Update -data point 9 January 2011-

...the SPX 500 market remains wedged undecided between the 3 January 2011 High *1284.62 and the 27 December 2011 High *1269.37 heading towards resolution

...the 6 January 2012 VIX closed *20.63 SPX 500 positive divergent but remains above the bullish *19.83

...the DXYO broke double top resistance with a new intraday High *81.60 - 21-dsma_50-dsma -200-dsma moving up

...upside potential remains to challenge 2-yr trendline resistance current *1290.92 en route to the 27 October 2011 Peak *1292.66 in the neighbourhood - past *1292.66, the view opens up into the *1300 Psych barrier, making out *1356.94 in the distance - at this stage, a violation of the 27 December 2011 High *1269.37 signals weakness and justifies an increase to 75% protection of a fully invested portfolio

Kind Regards