sp'daily5
sp'weekly7
Summary
*for those who like their analogies, it should be remembered that we saw a powerful green candle in late June 2011, before the market got stuck again.. putting in a critical lower high. Right now, I really want to see no higher than 1970.
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Today is day'5 UP, on any basis, I'm looking for 9 days, perhaps 14. Certainly, though, regardless of any minor weakness in the remainder of this week, there looks to be HIGH probability of sp'1960s.
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Next Wednesday's FOMC will surely announce the conclusion of QE3, which (surprisingly) didn't turn out to be so infinite after all.
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VIX update from Mr T.
*reposted.. as whoever is running their youtube channel.. finally gets it right
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time for tea