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1-12 Market Analysis (US)


As expected, S&P didnt able to cross the resistance, I think thats very good thing as without major support from volume and big stocks if Index goes up, it has very high chances to drop rapidly. Major stocks also didn't have the exciting closes as well; either Dojis or closing low or closing high with low volume.  In general, S&P hasn't disappointed me as of now but it hasn't excited me as well. 

I would not be surprised if we see couple of days of consolidation at this level until we have volume pushing price up or down. Then I will get excited. 

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