Since QE1, the markets have been completely rigged. I look at it as we are playing cards againts the devil.
There is really no way to figure out what will happen next, these guys use HFT, NSS, QE, derivatives, margin, etc, etc, etc to their advantage. they can run the market up or down on a dime.
Even the fact that Im trying to use the charts and some techs to try to figure this out doesnt mean anything at all.
I can tell you this even if Spain gets money this weekend, Europe is still broken, there is still much work to do, and this is just more kicking the can down the road, but you aleady know that.
Whatever happens, my money is clearing, I dont care if they say happymeals for everyone on monday, if this drops below 14 and the $SPX runs around or past 1360 Im in heavy again...GLTY...