New Year's Day Bradley Turn Date

A few thoughts before heading off for a few days. I may have a chance to post Thursday and possibly Friday morning, but in case I don't, I wanted to post this Bradley Model chart by Kirk Lindstrom that I pulled from the web.

The chart shows a very important Bradley Turn Date on New Year's Day. In that the markets are closed that day, and because there is a full moon on Saturday, I would not be surprised to see the indexes levitate into Thursday or Friday.

The S&P has gotten through the 1844 1:1 Fib extension level. A close above 1844 could open the door to higher numbers, specifically the 1870 area. This has been a low volume run and gun rally thus far since 1767.99, and without any notable retracements, could head toward a Friday culmination. This is speculative of course. But this market, this rally, this pattern is feeling quite mature to say the least.

I will be heading off for a trip up North on Friday and will be unable to trade. So I'll have to be content with just being an observer that day.