sp'60min
Summary
Once again, we're set to open a touch lower, but really, the market has been doing this for weeks now, and we still often close to the upside.
The large QE today should be a reminder of what the Fed is capable of, in keeping this charade going.
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*I remain on the sidelines, and am not really expecting to get involved today. I really won't be interested until the sp'1720s, and even then, I want to see some sort of clear intra-day sign of a toppy-action.
Considering the lack of news this week, there seems little reason why the bears are going to be able to wrestle control back.
Update from Mr 'Permabull' Carboni
Can you believe it, he is still bullish, ;) I do agree with his call on Gold though.