Monday, February 11, 2013

Market Timing Update (2/11/13)

[EOD] Stocks -
Stocks have been retesting Friday's breakout level. SP500 cash index touched its high today, while the Dow lagged. ES is yet to take out its overnight high. The market will soon show whether we have a true breakout or an incomplete consolidation.

[905] ES update -
ES is retesting its breakout level. See Sideways Consolidation (2/8/13) for tracking counts and discussion.