Rally On! 2/8/2013

The SPX finished above 1514 which was the line in the sand for another leg up based on my analysis of where shorts would cover. Volume came in this morning just as the SPX crossed the 1514 line.  Closing above that line was BULLISH indeed.

The rally seems destined for another push higher.

Check in over the weekend for a review and for some thoughts on strategy for the coming days.

 

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