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Wanted to mention before the close...
Read MoreI've been seeing differences between my long term view and my short term view for the markets. This could be indicating that we are seeing turning points. Lets discuss why that could be.
SPX - I've been seeing this longer term. It looks like the markets are acting rather toppy. Monthly charts are now showing weakness quite clearly as well.
Now looking at things from an even longer term view...
Read MoreLets review last weeks market action by stepping back and looking at the bigger picture.
SPX - This long consolidation has left price right where it was in Jan. The MACD is dropping steadily on the weekly. This is a reversal candle so we may see a bounce this week.
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