Weekend Analysis

(11/15/14)

For those that read my updates over the past few weeks I have been mentioning a potential Broadening Top pattern in the S&P 500.  Keep in mind this pattern doesn't happen very often.   

 

As we move into 2015 one potential scenario to watch for is weakness in the early part of the year with the lower trend line being tested in the February-March time period.   This would then be followed by another sharp rally through the Summer/Fall to complete the pattern.

One reason we have to assume that any weakness in the early part of 2015 will be followed by one more move higher is the fact that since the late 1800's the market has had a positive year when ending in the number "5".   

 

 

 

 

Amateur Investors