Pre-Market Brief

Good morning, but really..its not looking so good in bear land. Futures are sp +7pts, we're set to open at 1426, which is clearly over last Mondays spike high. Volume will again likely be light, and now that we're set to gap above resistance, the algo-bots will find it far easier to melt this market into the low 1430s by the close.


sp'daily5

sp'60min

Summary

I suppose this could just be a brief spike open higher, but it will be a new high, and frankly, the last of the 'serious' bear money should be getting short-stopped out at the open.

With the 1430s now just 4pts away, this is looking somewhat bad, but as noted last night, this was always going to be a borderline situation.

Bulls just need a close in the 1430s, and then they might be able to melt this nonsense higher into year end..all the way into the 1500s on a mini wave of delusion.

Great.  Just great.