1/26/2017 sp500 update

Today is the second day of market break out. Today's candle stick looks like a doji and inside day bar (the high is a little bit higher than yesterday's high and the candle has a very very small body). It is a consolidation day, neither a uptrend follow through day, nor a trend reversal down day. What will be the developments of the market for next several days or weeks. The market is very tricky now. Nothing really match together to be able to confirm the forecast the next market action. Today I will show you what I found: the match up between certain pattern of technical indicators and market next action. The bollingar band expansion together with MACD gold/death cross have good indication of the market trend movement. The brexit market trend reversal has this character. The election market trend reversal has same character. The last Aug trend reversal also has the same character. The question is at current phase: what is next? (market sit high with lots of different technical indicators not line up with each other). Right now, the BB start expand and move  up above its 10 days EMA and the MACD happened a little bit golden cross (We need next several days's data  to confirm it). The conclusion is the uptrend continuation need more buying power to keep the MACD in golden cross state, thus we can keep the BB expansion and MACD cross up in harmonic.  

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