SPDR S&P 500 (SPY)

[risk on]

IF ( big if ) SPY can come back to close over 266.5 today, that to me would be codification that confidence in equities is creeping back in. I think NN pointed that mark out, and it is scary R when viewed on a four hour chart. I’ve seen another use that chart too, but let’s be honest, confidence is what it’s all about and once markets realize that earnings are overall positive and our Govt.’s checks and balances , specifically on one branch of Govt in particular are healthy and strong, just as our founding Fathers intended, markets can relax and do what is natural.