The YM and Dow managed to print a new year high today (Friday). The ES/S&P came close but could not manage to take its year high out. The Naz (ENQ), Russell 2000 (TF) never got close. The reversal off the days highs is at a minimum a warning of a potential top, but this has been an incredibly resilient bull run in stocks and it is too early without additional evidence to get overly aggressive. I’ll update Sunday evening and include charts and levels to watch.
Market Profile / Auction Market Analysis: US Stock Indices – ES, YM, TF and ENQ: Reversal at Year Highs
by Tom Alexander | Oct 5, 2012 | Uncategorized | 0 comments