sp500 daily chart

SP:SPX   S&P 500 Index
602 4 0
Everything seems to lead in the process of a new direction. The market fights between calendar bull market (US ELECTIONS) and europe fiscal problems. It seems to me that in a couple of days we ll get the new trend , and be able to position ourselfs with safety....
A 3 yr bond will be in losses why sell to ECB? ECB to "sterilize" which idiot would buy LT bonds? With austerity PIGS can't spend so why borrow with austerity? So what has DRAGHI accomplished?? Fools Rally!
Please check this idea:
Very interesting point.
Every one is bearish but S&P doesn't get traction below 1397, bears are afraid to home in after the recent short squeeze that pulled the index above 1400! I agree with the tech logic that's my position too but then there is the Bernanke/Dragi Put to contend with.
gogg maxtorrent
Totally agree.
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