11am update - QE fuelled melt

US equities continue to claw slowly higher to sp 2004. No doubt, QE fuel of a few billion dollars is going to help the bulls today.. and tomorrow. There is viable near term upside to 2010/15.. even 2020s by end week/month.


sp'daily5

Summary

It somewhat bemuses me how few are taking the QE issue seriously still. Yes..the volume is VERY low..its August after all... but that just helps the bulls of course.

Note the upper bollinger on the daily cycle, now 2012, and likely 2014/16 tomorrow.

This is classic algo-bot melt... grinding the bears into dust.
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Notable strength: TWTR +2.2%