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To: wolfgangrene who wrote (2176)2/6/2014 2:15:10 PM
From: Justinfo1 Recommendation

Recommended By
The Ox

  Respond to of 2274
 
Looks like spy wants higher



To: wolfgangrene who wrote (2176)2/6/2014 4:45:09 PM
From: wolfgangrene  Read Replies (1) | Respond to of 2274
 
Probably.
At least to the target. lol
Notice how that wick filled this morning's tiny, tiny intraday gap open. I don't think that was an accident.
I think somebody wanted to satisfy the gap obligation with as little effort as possible. And they did.




To: wolfgangrene who wrote (2176)2/7/2014 1:15:21 PM
From: The Ox2 Recommendations

Recommended By
Justinfo
wolfgangrene

  Read Replies (2) | Respond to of 2274
 
FWIW, we've hit my intermediate SPY target of 179.0. This is not to say this move up is over (by any means) and it certainly looks like we should continue to drift up.

Its just that I am more cautious in this area for a possible reversal back downward. Odds are we build strongly into the close, as more short covering takes place this afternoon.