Weekly market report;the cat not out of the box yet.
DJI futures -243, market closed right on support at 16384, trailing stop at 16270, critical close below 16,000 or 15300. Weekly and monthly charts in downtrends. Judging from the coordinated attack by the media and both parties against Chief Trump, he is considered the greatest threat to the New World Disorder, greater than ISIS and Al Qaeda. Hence to expect that suddenly Yellen will give up her favorite printer and let the markets break supports in a river of selling is not logical, it is in fact very dangerous. So the most likely outcome come Monday is that the market will open sharply lower, lure the bears into the trap by triggering the trailing stops mentioned above,forcing them to sell futures or buy putts, then reverse trend and explode in short covering towards the 17800 resistance band. To gain a better understanding of whom you are dealing with, use Trumps own words:"Look at that face(Yellen)", and then ask yourself if she would give you a quarter if you were begging on the street. The answer is "No". That woman has a face of a Siberian Gulag commandant, and in fact may take your shopping cart and trash bag away.
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