The Dow Jones Industrials still remains in a bullish posture on a broader perspective. The real critical support will lie at 16500 and the Panic Support is well below the market at 13100. Panic Support is the level that if breached intraday, this is where a Panic Crashunfolds. That is the real important level for 2016, but it does not appear to be in the cards. Otherwise, a closing for 2015 above 16500 is still moderately bullish whereas the technical levels will be 17345 and 18879.
We will be issuing the World Share Market Review after the first of the year overing North & South America, Europe, Middle East, and AustralsAsia as well as Asia from India and China up to Japan. We will also discuss the prospect for a continued sideways market for 2016 with the potential for the Phase Transition unfolding 2017-2020.
Keep in mind that the Bail-In becomes a formal European position January 1st, 2016, and 2017 is when G20 begins swapping info on everyone everywhere. Capital is being herded with no doubt and the smart money will begin to position itself realize it is time to get off the GRID. We have the Presidential elections in the USA at year-end and this too will help keep the markets guessing – Trump v Hillary or will the Republicans split entirely as they desperately try to force their own pick as the Republican candidate in a dictatorial move as they have done before.
Yet 2017 will see elections in Europe both in France and Germany. Of course we will also have the British vote to leave the EU. So looking at this agenda of fundamental chaos, it is not that hard to see why the computer is showing it all goes nuts starting in 2017. The question we will address is shall 2017 be a REACTION LOW with the false move before the breakout or a high with the meltdown afterwards?
