Looks like the Feb gap down is in play now. That in conjunction with either the 'W' or cup-n-handle looks like there will be further upside in the short/medium term, perhaps to retest the previous highs right near 3400. Tough to say how it might react if/when it gets there, but seems more likely to get there than not... and could form an ugly double top.
couple concerns here:
* significant reversal in the dollar sending it higher
* small number of large cap companies driving indexes
* monthly MACD doesnt look wonderful
couple concerns here:
* significant reversal in the dollar sending it higher
* small number of large cap companies driving indexes
* monthly MACD doesnt look wonderful
