I will be out of town for the next few days so I will not be posting any updates until the weekend.
I just want to really quickly want to go over what I expect might happen this week.
Today was ovbiously a very bullish day. We broke over the 1180 pivot on the SPX. This implies that we will probably see 1191 in the days to come. We also broke out of the triangle.
1191 is a very important pivot. If we break above it, we will probably go over 1200.
The SPX and Dow made new highs today, but the Nasdaq did not. This divergence continues.
If the Dow and SPX make new highs tomorrow or later in the week, it looks as if the Nasdaq will too. It is very close.
Sorry for not posting much today, but like I said I am leaving for the week. I will have a weekend update when I get back. Thank you and good luck this week!
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