I think, we need to come to an end of this joke today - called a market. Some 1030.00, 1035 and 1040 calls will do the job ;=)
Also suprised the BOJ hasn't stepped back in yet. The sole purpose of the move on the NDX last couple weeks was so that GS employees could get their bonus this year. Decent %'s we go back to 1950 within days (could even happen today). If the big boys start liquidating.
I think the NDX daily chart is clearer. In the morning we bounced from the SMA as we usually do and we put in a nice doubletop with RSI divergence, so everything is ready for the drop from now and filling all the gaps below... DJX had a H&S completed yesterday, and the SPX just looks plain weak...