| Jan 10, 2013
| 1:21 PM EST
For the past quarter century, I have been watching the S&P futures (or the e-mini) trade on a tick-by-tick basis, ev...
The massive island reversal in S&P 500 futures is good and bad news.
And it called another turn.
Once again, the Russell 2000 successfully signaled a near-term top.
Now that November's gaps are filled, the market has harder work to do.
This selloff looks like just another buying opportunity.
The small-cap chart, not the macro news, is what triggered a sell signal.
Don't ignore the role of unfilled gaps in Wednesday's pop.
Higher upside objectives remain, but the easy money has been made
At the risk of sounding like I'm saying I told you so, well, I told you so.