How's everyone doing so far this week? The short story from this end is stocks are literally right at another key turning point. It doesn't mean stocks are going to implode, but it does mean if the major averages can't build on yesterday's bullish strength, they could be on the verge of turning lower. We grabbed some technical analysis from the guys over at Elite Opportunity Pro (EOP) this morning to illustrate what's going on, and what they had to say proves to those who want an edge in the markets that their service is one to not only be trusted year in and year out, but one that also helps investors identify good solid companies for future price appreciation. Without further ado, this is what the EOP Team had to say about the current technical landscape of the major averages right now... "Another excellent day for stocks yesterday, and if we trust the S&P 500 and the DOW's new all-time highs, these markets have every right now to find even higher levels ahead. However, it's the NASDAQ we'll keep a close eye on today. Basically, a convincing break above 6,255 on the NASDAQ Composite will suggest more strength ahead, but a failed test of that same level, and we could be looking at the very early stages of a much deeper selloff. We're about to find out as soon as today which technical move is going to aid the markets next big move. Fundamentally, there's no question stocks have gotten a little long in the tooth, but that tends not to matter when the major averages have the technical winds at their backs. Meaning, on a short-term basis you can pretty much throw out the idea of fundamentals - at least until some sort of definitive economic shoe drops, and that hasn't happened yet. The bottom line is if the NASDAQ closes below 6,193 today, that will be the first sell-side trigger. Should it hold that level, it's a wash, and like we mentioned above, if it closes convincingly above 6,255, the move could suggest another breakaway move to the upside. Oil and gold both continue to move lower - with oil having broken down yet again. Hate to sounds like a broken record, but we're still eyeing the $37 level to the downside on the price of light crude before we'll even begin to be remotely bullish on oil - and the more fundamentally sound energy plays out there. Give it time. We'll likely get there. In the meantime, those who are still short oil have some tremendous gains once again this morning, and at this point you should be well in the money regardless of what instrument you used to short the commodity." As everyone can see, this isn't the type of analysis you can just find for free - or even at an expensive price from most other subscription based services. As a matter of fact, just their daily newsletter every single trading day of the week is likely going to be worth it for those serious investors looking to take advantage of the opportunities that can surface in stocks at major pivot points in the markets, regardless of trending direction of the markets on a broad basis. They're actually licking their chops right now waiting for a potential reversal signal to confirm itself in Alibaba Group Holding Limited (BABA). It's not say they'll get the confirmed reversal signal, but they are paying close attention right now to that possibility. In other words, they could really care less if we're in a bearish or bullish environment, because there's always something moving in a direction, whereby profits can be had. As for the small and micro-cap space, it looks like we could be in for at least a modest selloff now following some nice strength for a few weeks there. The chart of IWC here, an ETF tracking micro-caps, shows a little bit of a developing pattern where the ETF rallies, sells off and then rallies again. If that ends up happening, and the NASDAQ starts to move lower again, there should end up being much better buying opportunities once the selloff subsides. So, if you're looking to take advantage of the markets next big move higher or lower, you're probably better off exercising some patience for the time being to see what happens on the NASDAQ today - and especially smaller stocks in general.