Quick Market Update

I don't think today's move is quite ready to roll on us, there may be some additional upside which is on very short term charts, the base or lack of a sturdy base is problematic. I suspect it may take some fundamental information (not technical) to cause a head fake move based on the SPX March resistance line, I don't see the market as having the strength itself to pull that off without some kind of F_E_D speak or something along those lines.

The charts that needed to fail, largely have and instead of looking at 15 min charts for signals, we are now down to the nitty gritty of intraday charts, 1 min in many cases.

I'll post examples in the Daily Wrap.

I also have an XLF/Financials / FAZ post that will be out soon.