All we really need look at tonight is the daily e mini chart that I have posted and once again I am short on time. The index broke into new high ground Monday on moderate volume, which constitutes a warning signal. Tuesday the range contracted as the market made a new high and the close was in the lower half of the range. Again bearish. Wednesday the market successfully backed up to the creek and the market held on low volume. Today the market rose closing at the top on the lowest non holiday related volume since the beginning of the year. demand wanes and today is a classic test of an upthrust. And we must wait to determine the outcome. Please peruse the other charts on your own. I believe they all support what I have said about the daily futures.
