Weekly Market Update, Outlook and Forecast for Week of December 2.

For the stock market update, outlook and forecast, I continue to track the long term price resistance and time window. This is a big area and I expect it to produce. Only question is whether holiday end of year will hold it up in this area or whether the sell will commence before January. Here is the most recent post: Time and Price Hit. Shifting to currency, we have a DMI bearish cross on daily EURUSD (disclosure, went short this morning off the setup). Here is the chart:  This signal setups are not 100% (no signals are). I like the risk reward of this play, however. As you can see, it hit a 61.8 retrace and is selling off. If it breaks down it would project a 161.8 extensions to the 1.30 area. I am also tracking a short NZDJPY and USDCAD (that is why the comparisons are on the chart) but will not be blogging those charts (too much work!).   I will be on twitter this week but probably not posting another blog post until end of week. Have a great week. There is always a bear path and a bull path. Only the sands of time know which path it will ultimately choose. Peace, Om, SoulJester