A Market Timing Report based on the 2-014-2014 Close published Saturday February 15th, 2014

The SP500 Index (SPX, SPY) held the second level of support pointed out two weeks ago and bounced strongly.  Very likely TOO strongly.  We are almost back testing the prior high and that could send us back into another deeper correction sooner rather than later.  That’s the “Kiss the Top and Go Down” scenario.  The white line near the top of the chart below is the next target if the prior top does not hold the rally (target is at about 1888 right now).

But those are just two possibilities.  Please review the other possible scenarios for the next few months including where the next correction could kick in.  The chart posted there tells the story.  You can access my thoughts after getting the password here: Free Subscription to My Newsletter and access to my latest comments  I’ll send you back the password to the access page and the monthly newsletter in the same email.

Here’s the SP500 Index Chart:

Will it surpass the last high or kiss the top and die?

NOTE: The Gold and 10 Year Treasury Market Charts will be posted by tomorrow in a single post.  Be sure to check your junk box if you don’t get it and white-list the sending address by adding it as a contact in your email system.  Thank you.

Standard Disclaimer: It’s your money and your decision as to how to invest it.

I also comment regularly on Twitter: Follow Me on Twitter

I thank Worden Brothers for the chart system I use to post these charts.  If you want to know more about the charting system I use every day, go to my “Other Resources” page here:  Other Resources   It makes it much easier to follow along with me if you can see the charts and manipulate them on your own computer, so it’s a great investment to have an excellent charting system.

Look for updates on the main chart tracking pages this week as I feel they are needed and comments via Twitter.

Copyright © 2014 By Wall Street Sun and Storm Report, LLC All rights reserved.