I know there has been a relative dearth of posts here lately, but personal entanglements and dramas have just sapped my energy. Let's try to quickly and simply bring everything up to date.
The S&P futures are up about 9 points after hours Tuesday, suggesting a 100 point DJIA gap-up tomorrow, if those gains hold through the Asian markets tonight:
Below a Daily chart of the SPX:
The Daily Buy Signal of one week ago is still in force. Nonetheless, I still think this is a major top that will end badly. But we trade the trend, not the forecast. With that False Bar Stochastic shown above and the after-hours romp up in the S&P futures, tomorrow looks to be starting out strong, but how it finishes will be a much better heads-up.
There are some that are pointing out a massive carry trade bet on the falling dollar and that if and when the dollar turns up, the unwinding of that bet will be the catalyst for a global meltdown. Something to keep an eye on, so I'm watching the US Dollar and the Shanghai Index for clues to when this all falls apart.