Here's how we are looking at the start of the new year.
Big gap up, no fade. We hit a new high off the ISM index at 10AM and it came with a new high in $TICK. form there, we came 1 tick shy of the overnight highs, with a pretty decent $TICK divergence. From there, we had a small decline, but nothing that would shake the Bulls out, it was less than 3 points basis the S&P Futures.
What does it look like from here? Well RIGHT NOW, it looks boring, but that doesn't mean it can't change later on The Bulls are in control and trying to make up for lost time after printing the doji for 2011.
As of now, dips should setup buying opps.
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