2 hours before the 2/13 close...
We are hitting some important levels that could make or break the current uptrend.
The S&P 500 is forming a flat top and I think it really needs to break 1350 otherwise support will be easier to take out...
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Nasdaq is also flirting with new highs in an effort to keep the rally going...
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The Transports are leading on the upside today, but it has pulled back most. If it can take out and close above, Friday's high, it will be a good sign.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
Thanks for reading!
Tom Crowley
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