3pm update - another happy day for the bulls

The market is comfortably holding within the sp'1650s, and is showing relentless increasing strength. Daily charts are warning of massive upside into the1670s by late Wednesday, and there is little reason why the sp'1700s won't be hit within the next 2-3 weeks.


sp'daily5

Summary

It is simply..relentless.

The Fed (and I can't blame them) are likely playing little mind games with the US capital markets.

Make the market believe tapering is coming, churn the market/bond yields lower...then don't taper!

Rinse...repeat..until late 2015.

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*I remain entirely on the sidelines. Am very much tired of this nonsense, might consider an index-long on Thursday, but hey, by then, we'll be in the sp'1670s..if not higher.