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As of today, January 11, DJIA and S&P reached their intraday highs on
January 6, the first day of the recent Ezone, January 6- 8, Focus Day
January 7. These highs are now an important benchmark and if and when they
are exceeded it would indicate the indices should advance at least another
2-5 percent within one-two weeks.
The next Major Ezone we are currently looking at is January 21-23, Focus
Day, January 22. There is the possibility that Monday, January 26, will be
added to this Ezone.
Bottom Line
Currently, the
odds are slightly in favor of the indices declining toward the January 21-23
Ezone.