Radar/Market Update

January 10, 2012

Futures are trading above January 3rd highs this morning, and the market is poised to break out of the recent range.  Note that both the daily SPX and 135-minute ESH are in OB territory.  Therefore the market needs to accelerate to the upside on good volume or it could be vulnerable to a reversal from new highs as we have so often recently.

The next hurdle is to close above 1285.08 SPX, the October 2011 closing high.

March Emini Day Session 3min with NYSE CumTick

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