Tom Alexander, Founder of Alexander Trading LLC, says you cannot ignore the fundamentals we are seeing now, like interest rates. He explains auction market principals, saying that market participants ultimately determine the value in the market. Tom points out the 4,300 level as the important level on the S&P 500 (SPX) chart. He discusses the January lows on the SPX chart and the bounce up in February. He and Ben analyze the charts of each of the major indices and highlight the low spots on the chart of the Dow Jones Industrial Average ($DJI). Tom explains the chart of unusual closing breadth readings.