Listening Bernanke

Essentially saying we got it wrong at the FED and our forecast for optimism at the June meeting has been lessened

Bernanke

except of his speechto be presented out- Market doesn't like it and we looking at session lows-

Still Higher

Still think we tread higher. I am not convinced we crash and burn here - Daily pattern looks overall bearish but looks like a corrective more will push up higher first. I could be wrong but playing what I see- GOOG looks like it wants 550-565

Rollover today

Also today is contract rollover on the indices so this might cause a little hiccup in the market trading today

Higher

Expecting higher out of this pullback.

BINGO

So we hit 1201.50 overnight, actually 1202 and now we are negative 30 minutes into the trading day. Sitting watching the action but I think Obama's upcoming speech has most on the fence.