3pm update - tedium into the close

Another day...same as ever. Algo-bot slow motion melt higher. Its that simple, and will remain that simple until the Fed end QE..which seems about as likely as a 10km rock hitting London.


sp'daily5

Summary

So..the sp'1530s. Upper bollinger on the monthly is 1545 or so, there is still another 1% room before we really do get on the edge..and when March 1'st comes, that'll jump to the 1565/70.

The sp'1600s do look VERY reasonable to expect by April.

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As for the rock....check this video out. Its one that never did really get any mainstream coverage. Ohh how they run..as the world ends !


back after the close