Dear readers, Although my market outlook is a biweekly issue, the technical outlook for some technical indices has deteriorated and I view it timely to update my clients. See below. S&P500 Index Just to recap what I have mentioned on 7 Oct 2016 (see HERE), I wrote “all the exponential moving averages (“EMAs) are converging and trending higher. ADX has slipped from 22 on 23 Sep 2016 to 20 on 7 Oct 2016, indicative of a lack of trend. Indicators are neutral and stuck in a range. Although the trend continues to be an uptrend until proven otherwise, my personal view is that S&P500 is likely to trade 2,093 – 2,194 in the next two weeks with increasingly volatility.” –> Since 7 Oct 2016, S&P500 dropped 19 points from 2,154 on 7 Oct 2016 to 2,133 (day low) on 14 Oct 2016. Based on Chart 1 below, ......