SPX 1440

Cant say for sure, no one can, but yesterdays 120 pt decline was a little more than I would have anticipated.

So, it might be the first clink in the bull armor, warning us to be on our toes, and maybe even somewhat defensive. Now 49 months in the current bull run and its NOW January which has typically sold off at the end of the month last few yrs, and this one appears ready to do the same thing.

Its Friday- before the open and spoos are staying alfoat. Dow futures indicating a higher open. As I wrote b4, Im looking for a rally this AM<>

Monday should provide a rally in the AM and again a softenning or even some selling in the afternoon followed by more selling on Tuesday and WEd leading to a low at the 78 hr cycle due at 3pm coincinding with 259 bars at the same time.

SPX 1440 seems to be a formidable barrier for now.
FEb, for the most part does look like it should recover.

Jay