tippsy tuesday, page-57

To reach 38.2 retracement we need

XJO another 23 pts

XAO another 8 pts

SPI another 18 pts

by my calcs.

At the moment it seems that will be blasted away.

Considering the upmove we have had over the last two days plus SYCOM tonight, the US better have a massive up move or we will look pretty foolish.

We are up 90 pts since the US close on Friday night so what does the US have to do to justify that plus give us more upside.

At Friday nights close

SPX was 1016.4 SPI was 4465.

SPX tonight is 1025 SPI is 4540.

Normally SPX 9 pts is probably about 30 SPI pts and we are up 75.

Either we are more bullish or SPX needs to roar and then some just to catch up let alone give us more upside.