sp'60min
Summary
Without getting wrapped up in the minor noise, it'd seem the bulls remain in full control.
*we do have some semi-key econ-data today, notably, the Chicago PMI (9.45am). I suppose if those come in below expectations, there is a chance of a minor down wave..but really. underlying pressure remains strongly positive.
The next thing the market will need to deal with is the ECB next Thursday. I do NOT see an announcement of QE, but rates will probably be reduced.
For now though.. bulls have another 3 or 4 days of viable upside.
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Video update from Oscar
Oscar has been flip-flopping more than a US politician lately, and now that we're in the 1920s...he is back to bullish.
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Well, its the end of the month...and without question...it was another tough one for the bears...especially those who were short the R2K/Nasdaq.