Zeev's Turnips Patch-No Politics (ZEEV)

[plexxus]

Looking for this market to go higher next week. Im looking for another test of the 1685 level. Whether or not we get through is hard to say...guess it depends on how painful it gets for those shorts who are trapped here. Positive divergences on the Comp 5 and 15 minute charts suggest a move northward and the contraction in volume on the Comp in light of a quad expiration suggest the shorts are not yet in control. A move up from here sets up a nice ascending triangle on the Comp. Still thinking there's some pain for the shorts to bear in the near term as they stay focused on their indicators versus the price action. Moving towards the end of quarter can't hurt either.

Stay nimble.