This move has begun and is working it's way slowly higher towards the Kettle as we speak. --No obvious reason to be short.--Ish
took a small short at 40.5 Izz. No stop. I'll close if it gets too ugly Target 35 edit... took 39.50 we're in no-mans land
Disagree---we are in the beginning of a massive upmove that will continue thru EOW and possibly beyond.
I'm still skeptic. But we'll see. I knooow you don't look at this stuff...(but I do)... SPY volume today is 40% below its 10 day moving average. I'll buy into the massive up-move theory when we get some confirmation. I'm a firm believer that volume doesn't lie. Especially when divining a strong up-move. In all honesty, I started the day thinking we might test 2600. I just feel like this market is fiddling while Rome, if not quite burning... is slowly getting hotter. We'll see, but unless some good news on something breaks, I'll play short on 7 point upticks for a few points.