One of the few technical things I’m watching carefully is Peter Eliades’ work here:
http://consensus-inc.com/002001i/knay1537/fin-com/0909fc-pesc.htm
I have a lot of respect for Peter because he's been so darn good for many decades, and as the S&P approaches that two-decade long trend line I’ll be watching closely to see if it’s truly a barrier to further advances. I just did the math, and to give myself an easy place to reference it, the trend line over the coming weeks will be at:
Week ending 11/18/16: 2235.31
Week ending 11/25/16: 2236.69
Week ending 12/2/16: 2238.08
Week ending 12/9/16: 2239.47
Week ending 12/16/16: 2240.86
Week ending 12/23/16: 2242.25
Week ending 12/30/16: 2243.63
Peter’s latest piece is here: http://consensus-inc.com/002001i/knay1537/fin-com/1114fc-pesc.htm
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