Nasdaq leads us higher

Again the Nasdaq ( ENQ - mini Nasdaq futures) is proving to be the leader of the stocks on the way up, but pay careful attention to the Dow ( YM - mini Dow futures) as over the past year it has been the first to signal weakness.

Both daily ES ( mini S+P futures) and YM have patterns in place that suggest a move lower into 1305 ES and Dow 12495. Only a break and strong close above previous highs at 1377 and 13040 would invalidate and bring the weekly AB=CD pattern back into focus.