January 31, 2012
 January 30, 2012

Bulls retrace and hold; S&P Futures key levels 1329.25 1306 ▲

Markets (NQ, SP, DOW) diverging. Can the NQ lead us to swing highs?

 January 27, 2012
 January 26, 2012

Bulls finally break; S&P Futures key levels 1338 1314 ▲

Still no blow off rally though, so new swing highs probable.

 January 25, 2012
 January 24, 2012

Bullish consolidation continues; S&P Futures key levels 1328 1305 ▲

Still no extreme reading to indicate beginning of end of this rally phase.

 January 23, 2012

Bulls continue consolidation; S&P Futures key levels 1328.75 1304.5 ▲

No real blow offs yet, so more buying is in order.

 January 20, 2012

Bulls consolidate; S&P Futures key levels 1326.75 1303.5 ▲

A bit of consolidation here is in order, maybe test 1300.

 January 19, 2012

Bulls roar; S&P Futures key levels 1319.25 1296.25 ▲

1300 breaks and holds; bears crying.

 January 17, 2012

Bulls pause; S&P Futures key levels 1306 1283 ▲

Gap up; sell off; close unchanged. Look for another move on 1300.