was going to be met soon, yesterday... Came sooner than i had anticipated...
Tomorrow we have nothing but air above 1284.25, focus on the round numbers above. Today the volume was low and choppy and the majority of the movement was in pre and post cash market trading, typical. After cash close futures highs were put in once again when no one is trading. Where are the traders?
We could see 1400 in the spoos in 6 months then the cards come down if QE2 fails to do anything but push the market to the point of no return.... the train will crash into the canyon just like in back to the future after it pushed the Delorean up to 88.3 MPH.
Perhaps this train wreck will coincide with europe collapsing and everyone running for dollars.
Wednesday, January 12, 2011
THE S&Ps MADE FRESH HIGHS ON THE YEAR! earlier (SPY)
By Sell Puts 1/12/2011 11:52:00 PM