Dec 18, 2013


From the weekend - "So my best guess is short term bottom FOMC and drifting higher through the holidays. XLF probably will finish its count, SP500 could test the highs again or make marginal new high."
I just did not expect it to happen in one day:) - SP500 made lower low today and now it is a few points from the top.

The move is too strong so new highs are sure given the holidays and the expected low volume. The chart updated. The bears were killed again, including me:) I have forecasted new high, but it is a little bit too much for one day... so it is not time to be bearish.... short term.

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