A few short weeks ago the market finally looked ready to rollover.  But a reversal on 02/05 (in most cases off major support at EMA(200)) has given the market renewed life.  The following charts are my 'big picture' view of the major indices (RUT, NDX, and SPX).

• Bulltards:  The indices remain above all major moving averages and looked poised to breakout to 52 week highs.
  
• Beartards:  Short-term overbought and up against a lot of resistance.

Arguments can easily be made by both sides but that's really just a great way to waste time.  Nobody knows where we're going so just focus on trading low-risk setups and take time once in a while to look at the big picture!

RUT

NDX

SPX

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