Will the S&P go to 1000 or 1200 ?

what's your point?

 

Have faith. The bulls need to bust previous day's high of SPX 1150.
Europe finished the day virtually unchanged with lower highs and lower lows on their daily chart.

 

Put your seatbelts on. The ride up will be hard and fast!

 

This is all about POMO, not reality.

 

double top about to be tested it would seem.

 

what market action do you need to see to be convinced of reality?

 

sorry, i don't mean to butt into your argument, but the words "market" and "reality" really don't belong in the same sentence together.

 

A rally with zero funding from the Fed...no POMO, no QE, no juicing at options expiration. Any idea how much they're really contributing?

Having said that, we may be seeing shades of late 2007. All this Fed activity boosts stocks, gold, non-Dollar currencies and Treasuries for awhile, but stocks are the first to fizzle out....

 

I totally agree, that's not what the market is for. Anyone who thinks otherwise is a failure.

 

Since you don't know when the Fed does anything specifically, your situation will never happen. The fed is not buying on the long-side every minute of every day - this is the new "normal" - trade accordingly.