3/16/2016

"Simply stated, bullish if SPX remains above 2016 and better if NDX reclaims its YP at 4373."

SPX close of 2027 and NDX 4404, so these two join INDU and nearly all ETF / futures variation above all pivots! (Of these 3 vehicles, cash index & ETF & futs so 9 total, only 1 below YP is NQ futs). This is the 4th day of seeing only blue bars above all pivots on SPY. We should see some kind of pivot resistance before a larger drop. Right now that is MarR2 at 206.03.

ES especially has the "look of support" from Q1P.