Wednesday, April 10, 2013

Dow futures testing YR3

The slow grind from the past few weeks has broken out to new all time highs. The Dow futes(YM) is testing the yearly R3 pivot today and the monthly R1 pivot. The S&P (SPX) is 15 points away from it's yearly R2 pivot at 1602. The old all time high made in 2007 happened at the yearly R2 pivot. Will history repeat itself? We will know very soon.

Look for a new moon sell signal.