DOW: It certainly looks as though we are about to see a higher high in the ES & YM. In the YM M13 the CL is not yet reached and contrary to my bearish opinion yesterday what we saw was pure energised bying price action.Is it a game changer? Well, look at the d/sloping fork using the highest high in the recent months 15506 and the pivots visible here in the chart...its a non touch so i guess I should have been warned for a reversal. We now need follow thru andto break the pattern of LH's ie a break above 15290 area.
S&P: we hope to see a break towards 1650 from here but have already broken the d/sloping ML and various D/sloping RL's some seen below;
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