SPY

Looking at the SPY chart for the full year. My best "guess" for January action is we break above 127.26 in SPY and track up to the 135.00 or so where we flag to build a base for the next move. I've got a strong bullish bias at this point as i think traders will be itching to put money to work. Watch the action in TLT, /ZN, /ZB, FXE as leading tells for SPY and of course the Vix for fear creeping back into the markets. It ain't rocket science, watch the tape action and it will tell you what you need to know.