JTH

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Evening folks

There is already a great wealth of charts posted within the forum & blogs, all of which have done an outstanding job of covering the most important prices levels. So for tonight, I'd like to touch on some alternative viewpoints which may not fall within mainstream thinking.

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AGG

• We show potential for a mirrored Ascending Triangle, if the pattern repeats, then we may re-test the 2015 high in early March
  
  
• Conversely, if the dominant rising trendline is breached, then we might expect another test of the horizontal line at 110.10
  
  
• As a means of confirming the bottom is in, I'll be looking for declining volume to subside
  

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SPX

• We have a Fibonacci Price Channel drawn in, this is the overall containment field for prices to reside
  
  
• While the 39-day channel may appear to be rising, off the 1973 bottom, linear prices are falling and currently reside at 2036
  
  
• Based off the previous 2094 top, if/when the arc of volume dries up, I expect the downslide to resume, perhaps in early Mar
  

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W4500

• The 1057 area has acted as resistance twice, but has yet to act as support
  
  
• I don't use cycles very often, but I do like to see if they line up with the waves of price action
  
  
• For Sep/Oct/Dec this particular cycle matched up well and at the moment is somewhat discombobulated, but still appears to still be holding, with an upcoming peak near the end of Feb
  

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While today, the market's appeared to be mixed, we did display some positive price action from both the Transports & NASDAQ 100. Furthermore, I'm seeing some potential for bullish flagging patterns out there, so perhaps prices will ramp up into Friday, then we can take a breather over the 3-day weekend.

Trade it like you stole it…Jason