Update - as SPX hits new highs on light volume. not all that convincing. brown and blue dashed lines are there as resistance. 30m toppy, but not there yet.
UPDATE - Just follow the brown line thru the middle of everything. I have been using this as a market for several weeks now. 30m toppy but no bear cross yet.
Something has to give with overbought markets and possible QEII announcement coming. Dollar should be about to reverse. UUP should be looked at here. Markets may remain quiet till 2:15 on Wednesday when the Fed goes. North Korea Fires Artillery Shells Into Sea Close To South Korea Border, Holds Fishing Boat With 7 On Board global tensions are building not to mention local tensions as well. Not the best environment to be starting a war in. If the CIA does not start something with a false flag opp soon, someone may screw up.
With us in back to school mode I should be in the office a bit earlier now. GL this week.
Minis wedge. Not sure if it has reset the lower support line or not. Consolidation is clear as day. Divergences are trying to show their teeth. We all know it wants to fall it just can't FOR SOME STRANGE REASON.
