60/360

Having the SPX under the "key reversal day" on Jan 15th sure doesn't look good, but the market is at a place for a potential turn up. We are 1 year (360 degrees) from the January 2008 lows and 60 days from the November 2008 lows, both key short term cycles. The SPX also completed a successful backtest of a trendline drawn down from the Dec 8th high. If it's going to go up, it'd better be now.