-Volatility is lower evidenced by the VIX in the mid 40s.  The chart indicates the same with narrowing of the bollinger bands and the formation of a symmetrical triangle.  Volume has been extremely low for the most part due to the holiday season.  I feel that we will go up to test the 9000 area.  Note how the market reacts at that level to give you clues on further movement.

-Look for the SPX to test 918.  As mention in the INDU chart.  Look for clues at that level as to further movement.  I’ll keep you posted as necessary.

-I believe that the COMPQ is going up to test 1600.  Analyze the volume and conviction of the move and how the index reacts at that level.

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