Jerry I agree with your post I think the calls for a bigger move out of today's announcement just doesn't add up but I know the Market can have a mind of its own and on occasion surprise us with its ability to get traction in odd places but I doubt it today.
Feels like we have entered the summer doldrums with low volume trading.
Bigger picture here is the spx daily and the over throw of the wedge being a 5th wave up off the April 2 2553 low and a few who see this as an Ending Diagonal that can reverse in this 2800 region and start a lengthy correction, I seriously have my doubts about that bigger move happening right here. What with end of Quarter and Earnings just ahead....
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