Was earlier..covered intra-day Short at 1408.50..went Long at 1409.25 with a bounce off 1408 area support..flat now.
We are almost to the point of saying..... Who needs Bin Laden as long as we have Bernanke? He's doing a good job of undermining this market all on his own. We will defeat ourselves from within. Good Luck!
BTW, there was a massive divergence between price and the delta as we came off 1429.25 ..very obvious end of buying indicated for that move up.
Oh let me also add, IT"S AN ELECTION YEAR! And right now, neither pary has a clean front runner so add that little spice into the mix of uncertainty. This is going to be one doozy of a first half. Good Luck!
Nice rally from 1377 (yesterday's low )to nearly 1422 in SPX. A simple 50% pull-back gets you roughly 1400 before another run back up. Great trading!