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Is the S&P Coiling for a Strong Move Up or Down?

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It has been three weeks since the S&P 500 (INDEXSP:.INX) peaked on December 31 (there was a nominal new high by 0.02 on January 15). We are seven weeks from the fifth anniversary of the March 2009 low. Markets have a strong tendency to play out in 3s and 7s. So this week looks pivotal. Is the S&P coiling for a strong move up or down into early March? Is the Sleeping Giant going to awaken again or does the Ice Man Cometh? The sheer momentum of many high fliers both up and down aren't tipping their hand as to ...

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