Tuesday, October 28, 2008

Upside Breakout

The cash S&P 500 just moved above yesterday's high. I think this is significant and means that a move to 1080 has begun.  If I am right about this we won't see the cash below 870  anytime soon.

1 comment:

Anonymous said...

Yesterday at 1pm I left a comment re: the 6 unfilled overhead gaps on the SPX e-mini futures. 6 is way too many...it makes the market wildly unstable and overripe for a reversal. We've just filled the first one...One down...several more to go. The next one is up and over 950.