Mar 042013

Really there isn’t much to update on the markets today with all major US indexes going basically nowhere on well below average volume.  However, today did mark the third attempt in the last week for both the SPY & QQQ to take out those key 60 minute resistance levels that were first highlighted shortly before the first attempt last Monday.  Will the third time be a charm or will it be case of “three strikes and you’re out”?  We’ll just have to wait to find out.  For now, the primary and alternative scenarios remain the same.