Looks like its real weak now after a good thrust. I remember in 2004, March was looking strong and then April was the low of that year. I think April will be different from March this time around especially as I see the indexes struggling to stay a top the 10 day. I think thats it...for now...solar and energy should remain strong though.
I feel like March (just like last year) will mark a turning point. I was hoping at the start of the year the indexes would sell off into March and then turn upward...however, it looks like the opposite is about to occur.
I dont think I am wrong on this one. If we get past 1178 on the ES then this thread will be blown. The bottom on February 4th was marked by a good volume and so is the top that is being placed in today....
Well, according to the rumor, GS agrees with you and sold a sizeable amount of contracts short at 1177.