I was looking for a more conventional reason in TA as to why our...

I was looking for a more conventional reason in TA as to why our markets could peak today or monday with the US heading up into the EOM. The best I can come up with so far is the MA set ups. day before yesterday the XJO smashed up through the 41 day ema and we managed to hold above that yesterday. There is is a nice little fib thing happening up higher to the 195 day ema which is only 108 points away. If our market gets a little inside info today then 2 reasonably good days should get us there.....The SPX on the other hand has been scrambling to reestablish itself ABOVE it's 195 in the last few days.....therefore it wouldn't the same overhead resistance as us come monday. at that point we may diverge down a bit but perhaps we will have one more crack at the 195 when it is a bit lower around the 31st before we all fall in a hole together.