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The recent increase in volatility and trading ranges is an indication that a breakout/breakdown is fast approaching.

The totality of the evidence still points to a major move happening in January (maybe February) off of the broad consolidation we’ve outlined. Nothing at all has changed.

The market is nearing the end of its consolidation phase as the SPY gets ready to test the $700 level. Chances are the SPY $700 test will be the very catalyst that drives the next major move in the market.

Samwise Quick Reference Handbook To streamline our daily blogs and conserve space, we’ve organized key resources into a convenient, collapsible

SPY/QQQ Pull-back off of yesterday’s overbought conditions further indicating that we are very much in a consolidation. Confirming clearly that there is no scenario 3.

The NASDAQ-100 (QQQ) and S&P 500 (SPY) have both reached overbought territory as they test major lines of resistance. The market as a whole is likely to see a near-term top sometime in the next few days.

SPY nearing critical breakout point in the first stage of what could be a resolution of the consolidation period.

As expected, the QQQ has rebounded off of oversold conditions as consolidation continues. The market is setting up for a big move by the end of January.

Scenario 2 is now squarely in play, but with some updates.

Samwise Quick Reference Handbook To streamline our daily blogs and conserve space, we’ve organized key resources into a convenient, collapsible