- Today the IPC register a new hirtorical high.
- The IPC detached from U.S. markets and presents a significant rise.
- "The Mexican market is ahead? This would be a very bull signal.
- "The Mexican market is moving independently of the U.S.? I doubt it, but it is a possibility.
- Today's move very bull. Tomorrow validation is needed, if so, the IPC is showing "muscle".
Tomorrow very bear signals for US markets.
1. For VIX is easier to go up than to go down. VIX up means SPX down.
2. CPC is very low. When CPC<=0.80 then tomorrow probably a red candle.
3. Seasonality for tomorrow is very bear:
- Dow Jones 38%
- Standard and Poor's 33%
- Nasdaq 33%
(% of years with green candle).
-- This week is the bearest of december.
4. Standard and Poor's cant break the important resistant in 1,228 points.
-- Bull territory is beyond 1,228. Otherwise the SPX can go down.
Conclusions
- The short-term trend and mid-term trend are up.
- The bull territory is beyond 1,228 (SPX) and bear territory is beyond 1,173 (SPX). A breakdown is needed.
-- If SPX breaks the 1,228 then the technical target is 1,335.
- There are possibilities of Santa rally (not confirmed yet).
- Tomorrow I'm bearish.
- I hold no long or short positions overnight.
IPC Sandard and Poors Dow Jones
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