Action today puts us on watch for the 904 on the S&P I spoke about last week. Todays movement is very VERY surprising as I thought somewhere around the 859 level would have held as resistance. Lets see how this plays out but definitely the shorts seem to be abating here, 'Christmas Rally ???'
The cycle low remember folks should come up in 5 weeks, meaning do we grind higher and set up a mightier fall to panic some or do we stair case down in an orderly manner? Anyone's guess here
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