The increase in volatility across Indices has been quite notable over the last 6 Weeks and this often occurs before a deep correction or a trend change. Therefore here's a few longer term charts of some Indices to look at the bigger picture.
From the outset this looks like a healthy chart. There are historical corrections on DOW and SPX that look identical to this one and on every occasion the Bull markets continued in both Indices. As things stand, shorting this would be a risky place to be.
First of all, Happy New Year to all who have followed the blog and particularly to everybody who keeps in touch with emails and suggestions about the site.
As you know, 2014 was a quiet year on this blog not just because of commitments outside of trading and a stint abroad with no internet connectivity, but also because finding trade set-ups I felt confident about was a real struggle. Whilst I should apply my system to every trade, it just wasn't giving any signals on the charts I followed and traditional T.A became the favoured method, albeit sometimes unreliably.