We have pivots and breakouts.

 

I told you I would post when a higher pivot low was formed and today that happened. If you’re out looking to get in, the S&P 500 fired a higher pivot low right on the resistance line . Normally prices should conitnue higher after a pivot low is formed. So I would say, that as long as price is at or above $2200 at 11:30am tomorrow, you have a new entry. For those like me that are already in, this is just a good sign for us. 

 

 

The Small Cap also created a higher pivot low. This would also make a good entry as long as price stays above $1133. 

 

 

THe International index busted to the upside today and broke out of the consolidation. I was a little surprised with this move, but it is what it is. Price also closed above the green CBL line which is the first step in a daily buy signal. We still need to see more upside and a close above the 50 day ma. So it will be interesting to see what happens here tomorrow. I’m now expecting follow through to the upside. 

 

Remember, these are daily signals. They give us a little heads up where things are heading. The monthly moves for the C and S are still buys and the Sells on the I and F.