This is what I love about this board, we can see what others can not. Wedge in most averages. QQQ is staying above recent channel, same for spx, both of which is bullish.
Question is does earnings support this move? will earnings be better or worse 3 months from now?
Anything is possible, but for now, europe is time bomb, and fed is not able to make the economy run better, just keeping it from collapsing for now.
bottom line: Apple could run to 800 and the spx up to 1570, but at some point, the game is over. Not saying short like i did yesterday (and added more qqq today at 68.22), but buying without tight stops could be fatal to your portfolio.
Did not see sure fire short yet, will probably not see it anyway.
