Blue Skies Overhead - Watching January 10-11

Worst case risk for SPX should roughly be the November 25 lows however potential gain may be somewhere SPX 1400-1500 into late February/early March...

Here is a Gann quote which I believe applies to the "strong move up/long sideways move" out of October 4, 2011.

"Often there is a strong move up and then start a long sideways move. Instead of breaking down out of that sideways move, the market will give a forty five or ninety day move up to higher highs and then form a final topping pattern." - W.D. Gann

I believe this applies to the current A+B=C pattern we are currently completing. A 90 day move would begin off the November 2011 low and a 45 day move may begin January 10-11 +/-

If we arent out of the woods yet, this January area may be an important area to watch and the elusive Hurst 20 week low.

Here is a tightened up Gartley/Diametric with this revised earlier January 10-11 date...