3/9 11:20

With I1 rising I have rose-colored glasses.  I'm long 4% SSO and I have two levels to watch in the futures.  The first is DJ futures (YM) 12,148 which is wave 1 high, the second is SP futures (ES) where the 30-minute M/A -.5% is 1310.25 on a 30-minute close.  While the 30-minute is no good for directional signals it and it's envelope still are good for support/resistance.

The rally is not set to stomp upward until critical resistance is broken at the DJI 5-minute, 370-unit M/A +1.35%, which computes to 12,306.