Morning Post, SPX, S&P 500, e-mini

Well they have teed off at the Masters and apparently the bears have teed off on the bulls as well. I am still on vacation. I can't wait to get back to writing the evening posts.

Pivot Points - Know 'em

Economic Calendar - Very busy with Jobs before the bell and Natgas at 10:30.

Masters - I still swear to this day the first time I walked into Amen Corner my feet did not touch the ground.

First an overview of where your favorite index is. Who has the farthest to fall to catch up? Well, you TZA and QID fans that have been feeling most of the pain have a chance to get the most delight on the backside if prior trends persist IMO.

SPX daily - Lord I hope the final divergence is set and this sucker can finally roll over for a week or two (or 52).

SPX weekly - Just look at the SPXA50 and the NYMO divergence and the last few time this combo has happened.

UNG- I'm not sure who it was that posted the possible breakout of UNG on March 8th. Oh yeah, that was me! As far as I know I was the only person on the planet that made the call. I did the post on Focal Equity and only linked it here in some comments. This time may be a little different, but a move north is still possible as the 30, 60 and dailys are oversold again. The possibility exists for a continued move north. I'd have my finger on the trigger at 10:30 just in case. I made a great scalp in less than 5 minutes last time.

GL today. I expect some churn today with a 50% chance of continued downside action. I'm thinking a corrective is in order if it does not let go. I'll post again during the day like yesterday if anything happens. This crack on the minis should be a big deal but may want a backtest so be patient. If no backtest, look out.