11am update - broken bears

The market continues to push higher, now filling the gap in the sp'1625 zone. There is empty air above 1630, and if the bulls can close well today, then its game over for those on the short side. Despite the chatter out there, QE does continue...in full.


sp'60min

sp'weekly7

Summary

Its a pretty clear situation.

Any daily close >10MA on the weekly..1628/30..and its over. All hopes of further down moves can be thrown out, at least for some weeks, if not..months.

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I'm way..tired of this...back later today.