Accumulation in SPY has been occurring at resistance.

Well of the lows cry's CNBC.

 

Someone leaked.

 

Mark my words, it will breakout of this trading range. It's all rigged to the upside for now.

 

Yep, indeed it did.

 

So easy a caveman can do it, 90 more points to go.

 

Absorption.....

 

QQQ in 5 days time

up every single day
1 day3 days5 days1 month3 month6 monthYTD1 year3 year5 year
Chart

 

SPY over 1 MONTH
JUST LOOK AT ALL THAT FREE MONEY!!!!

up 5.91% alone since FEB 1st,

Imagine if it was down 5.91%
They would have announced QE4 at that point.

211.24 +1.26 / +0.60%


Chart

 

Sorry, but this is wrong. I've been reviewing all this, and we are at or very near target. This doesn't mean that we can't become overbought, and price may very well reach 2200 before reversing, but it might also tread water here.

Of course, I don't know how you arrived at 2200. I missed it somewhere.