Ohh..if only. In around 3 weeks time, I expect the currently gleeful cheer leading maniacs on the clown network finance TV to be begging for QE3, with so many tears for the 'Bernanke to save the world'.
sp'60min
JPM daily
A big ramp, but I don't expect it to last. There remains JPM will eventually be the mother of all black swans later this year.
Summary
Its hard to say where the top will be, or when. Best guess is 1365/70, by next Tue/Wed, I'd certainly prefer a lower high <1374.
Yet, the Bernanke is speaking both Tuesday and Wednesday morning. Might the mood start to change as early as then ?
Hmm..anyway, that's for the weekend to consider.