If you're a premium reader here, then you know what we've been getting a little excited about, even wondering out loud if it's possible that ...???  Well,  We'll get to that in a minute,  first lets discuss a few other charts   : )

SPX - When this consolidation breaks, the move should last for a while

SPX 5-13  

The NASDAQ looks a little different...

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Are There Storms On The Horizon?

As I have discussed in previous reports,  I am seeing some really bullish set ups in some Sectors, and some interesting moves in other sectors, but  still I have to wonder if there could be future storms rolling in within the equity markets?   Lets look at some charts...

The NASDAQ re-gained the 50sma, but is still weakish.  Look at that MACD.  We need a burst higher soon.

NAZ 5-12

Lets look at the SPX...

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Not much changed from The weekend report to now, so lets quickly review the mkts and then review a couple of trade set ups...

For the NASDAQ-   I have been showing a bearish wedge, and I pointed out how they occasionally can consolidate & turn bullish like in this  2011-2013 wedge. I shared this chart

NASDAQ 5-8 3rd  

Lets look at the SPX currently

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