Short Term Trading Week Starting: 7 Jan, page-14

My view is that we are not seeing a counter trend rally in a deepening Bear Market. The FED has been the largest single influence in the US markets for a very long time. The FED are likely to become somewhat accomodating with their QT program. And the health of the US economy is correlated with the strength of their market. I would now wait another week or so to allow the SP500 companies to release their quarterly earnings reports. There will be some misses on the tech side, but if the majority of the largest ones equal or beat estimates, I believe we will see the continuation of the uptrend, at least for the medium term. China and US talks will be the other massive influence on markets, and it is in the interests of both sides to reach an acceptable compromise.