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March 11, 2014: Sellers take charge as Buyers are unable to follow thru from Monday’s late session rebound.

03-12-14 SPX Daily Headline Chart

Sellers take charge as Buyers are unable to follow thru from Monday’s late session rebound. Unless Buyers quickly rescue prices, SPX is likely to test lower moving average support levels.

March 10, 2014: Light volume test of SPX lower support and late session rebound suggests possible follow thru higher during Tuesday’s session.

03-11-14 SPX Daily Headline Chart

March 6, 2014: Market participants continue to mark time awaiting the outcome of Friday’s Non-Farm Payroll report.

03-07-14 SPX Daily Headline Chart

Financial market participants continue to mark time awaiting the outcome of Friday’s Non-Farm Payroll report. The reaction to the report will determine the direction of the short term trend. Unless layers of support are violated with robust volume, throwbacks to test support should offer buyable trading opportunities.

March 5, 2014: Equity indices take a break following two successive session of extraordinary volatility.

03-06-14 SPX Daily Headline Chart

Equity indices take a break following two successive session of extraordinary volatility. The resulting extremely narrow range “Doji” pattern normally resolve in the direction of the prevailing trend. However, Friday’s reaction to the Non-Farm Payroll report will be the final arbiter.

March 4, 2014: Buyers return to regain control and extend the breakout to a all-time highs.

03-05-14 SPX Daily Headline Chart

March 3, 2014: Prices succumb to Russian/Ukraine tensions awaiting further clarity. As long as layer of moving average support are not violated, the current ascending trend remains intact.

03-04-14 SPX Daily Headline Chart

Prices succumb to Russian/Ukraine tensions awaiting further clarity. As long as layer of moving average support are not violated, the current ascending trend remains intact.

February 28, 2014: Closing above former historical High defines a breakout but the Reaction To Crimean Imbroglio awaits.

03-01-14 SPX Daily Headline Chart

February 27, 2014: All-time closing high requires follow thru to validate.

02-28-14 SPX Daily Headline Chart

February 26, 2014: SPX continues to digest gains and develop a base above moving average support.

02-27-14 SPX Daily Headline Chart

February 25, 2014: SPX pauses to digest gains and retains current ascending trendline.

02-26-14 SPX Daily Headline Chart