THE STOCK MARKET UPDATE

February 17, 2016

David H. Weis

ES: Daily

The S&P never pulled back after the upward reversal from last weeks low. The market
has turned up in the same manner we saw last October. My original target for this up-swing
was in the 1922 to 1940 area. Todays rally extended into this area. On the intraday charts,
there are no signs of ending action. For this reason, a test of 1940 is still likely. A close above
this level will set the stage for a return to the 1992 axis line.

www.WeisOnWyckoff.com

dhw@weisonwyckoff.com

Tel 617.489.9155