sp'60min
Summary
So, we're set to open a little higher, nothing dramatic, but still...anyone hoping for a major reversal today, tomorrow..or next week is surely going to be seriously disappointed.
Market clearly BROKE out yesterday, and we're probably looking at 1750/75s within the next few weeks.
The only issue is what then. Considering the past few years..and QE continuing at maximum, I can only assume we'll battle up into the spring.
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Notable early mover... AAPL +$6, @ 470s. Reclaiming the $500 level will be important for the tech bulls in Oct/November.
What am I doing?
I'm on the sidelines, having avoided being smashed to pieces by the FOMC. Frankly..its been a tough week, I probably won't be getting involved until next week, and that will be on the long side.