Jan 30, 2017 weekly outlook

I said last week: "Appears though the market should have an upward bias in the coming week.
".  That proved to be the case.

Coming week we see the 4 1/2 month (20 week cycle) turning down as the 5 and 10 week cycles move higher.  This will prevent a run away to the upside.  Expect sideways action with possible small/moderate gains for the week.

GL traders.