Our last two weather sessions have seen temperatures test the 32 degree resistance line only to fall back below late in the day. Our trend continues in a nice rising bearish wedge with both higher highs and higher lows set each session. We will need a close above the 32 degree resistance (daily low above freezing) to confirm an upward breakout, otherwise we are probably going back to retest the lows back in late February... Of course, temperatures charts do not behave like financial charts, but it is sometimes fun to apply financial charting analytics to meteorology. Ironically, the forecast has an upward breakout, but looks to get cold once again in two weeks.

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