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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
The NASDAQ looks a little different...
Read MoreAs 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.
Lets look at the SPX...
Read MoreNot 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
Lets look at the SPX currently
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