reduced ,trans ,spx broke out,dow did nt reach res,trans making daily new highs, spx 73-63 for 4 days,and all of the ma avgs 20,50,100,150,and 200 daily are all above 70%..and they are shouting bullish from every mountain top
sallie mae(student loans),reports after the bell http://hosting.briefing.com/cschwab/Calendars/EarningsCalendar5Weeks.htm
most of the web is looking for 1550, and higher for sp500, lots of euphoria, and many funds positioning long, and looking to position long. I haven't seen any downside targets at all..
spy http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rising_wedge