Keep an eye on the daily MACD histograms. Though I have been posting a chart comparing the present pattern with April 2010, MACD may be telling a different story.
Here's a look at what ES may be doing.
Stock Market Analysis With The Elliott Wave Principle -Dow Jones, S&P 500, Russell 2000, Nasdaq and FX. All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.