Equities Update

No singificant update on equities. As anticipated it has failed to gain ground for over a week at the fib resistance level I identified. I continue to believe the easy swing trade money has been made off the October low. Accordingly, I continue to sit out and look for short term short setups. Per my earlier posts, I don't post those short term setups as it takes too much time and nobody seemed to care much about them anyway. 
From a swing trade perspective, I am primarily interested in trading impulsive moves rather than chop. Here are the recent equities posts in reverse chronological order: 

Correction Scenario,1986 Support,Deep Pullback Scenario, and The Next Dip Buy. 

As for the analog scenarios, I am not a big fan of guessing corrective structure. It can present as rolling upwards, sharp/deep, sideways. If I were to guess at a bullish corrective structure, it would look something like this: This is just and example of a more bullish correction using the timing extrapolation of the corrective structure I laid out on November 11 in the Correction Scenario. If we corrected bullishly like this, it would be a choppy affair into the next resistance area at 2074. We would then move on from that dip buy into the March 2015 high. 

I do not personally have confirmation on what the correction will look like, so I am standing aside. Of course, there are also deep correction scenarios that sell from this resistance area and do not hit the 2074 resistance. For example, the Deep Pullback Scenario. Hence, that is why I am not real interested here from a risk reward standpoint. 

From a more bearish standpoint, we still do carry that bearish analog I have mentioned in the posts, but I have no reason yet to consider trading it.   There is always a bull path and a bear path. We cannot know which path our future will choose. As always, do your own due diligence, read the Disclaimer, and make your own investment decisions. Peace, Om, SoulJester