sp'15min
sp'60min
Summary
Obama is due to speak at 1pm EST about the fiscal cliff, and that might give the market an excuse for a final minor wave higher to 1395...even 1400.
Regardless, frankly, I think 1395/1400 is a gift to the bears.
Lets be clear, I might be wrong, but those weekly charts sure say 'keep shorting until 1345/40'.
back at 2pm...or earlier, if I do start hitting buttons.
*I have eyes on Dec SPY puts, most of those are -20/25% today.
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UPDATE 1.20pm
Market drops 5pts due to Obama...but...quickly rebounding.
Could be a minor B' wave...if so..seeking 1395/97..by 2.30/3pm
1.30pm
kinda ugly..
Could still be a B' wave, but this market sure ain't happy.