Tuesday, January 17, 2012

SP 500 and NDX Futures Daily Charts - Manhattan Melodrama


There is quite a bit of 'tension on the tape' despite its calm outward appearance and rangebound trade.

They will either break this out into a new phase of the bubble, or the market will take a dive. I do not think we are more than a week or two away from a resolution to this, but it could drag on until the end of March and the final reckoning over Greece.

Whatever happens, go with the flow,

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