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Saturday, January 7, 2017

Saturday, 1/7/17 update

Ever stop to think that most of our "money" these days consists of electronic 1's and 0's in a computer somewhere?  That thought does not inspire confidence.  What if the power goes out?  I suspect Tesla would be amused.

The ES/SPX continues it's ascent of the stairway to heaven.  The preferred count remains the most probable. 

Short term chart:

Intermediate term chart:

NOTE: dotted lines show structure necessary to complete the EW pattern and are NOT intended as price/time forecasts
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