Let’s see if it can hold $540 the next couple of days, the key number I am looking at is the 50dma around $560. If it breaks that then it should test the $590's next, The only way I see it heading back to the high $500's is for the pre-run up.
Tax selling is done, most of the fiscal cliff issues were resolved, the others will too. It might take until the last hour but what else do you expect when the house and senate act like children just to prove a point. At the end, they will not allow anything that would make the economy step back. It will get resolved and they will move forward.
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