I listen to TK pretty much daily to get his "view of the market." His technical analysis (TA) is simple and straightforward, if not always correct. Lately he is espousing a reverse head and shoulders pattern and calling for a "move to the upside." Don't get me wrong, I have made some money using TK's TA, but I'm somewhat more skeptical of his latest interpretation.
Another bounce off support could fail and we may be looking at 7800 DJIA again.