Early Indications

So far pretty much everything is inline, but most of that was because of the small move this morning and the large 3C move yesterday at the close. I'm not really comfortable with the way the averages look, they almost seem as if they are extending their fingers as far as possible to reach the finish line, which gives them a parabolic look or at least in need of a consolidation, but because I think this move is for a specific reason and isn't necessarily built for durability, it may just continue on until the target is hit-if that were the case, then yes, the reversal to the downside could and should be quite fast and dramatic.

 QQQ daily chart really isn't that far from the target area.


 DIA like the other's is showing early confirmation, but looks very over-extended.

 IWM

 QQQ

SPY