Still, as impressive as this xjo 200 odd point rally has been,...

Still, as impressive as this xjo 200 odd point rally has been, to set in or confirm the uptrend, I suspect we'll see a pullback starting sometime today to test the breakout area around the 3860's area.

It definately looks as though we'll be rallying until the end of US summer - but once the SPX reaches the 50% retracement area from the fall (1060-1100) area I'll definately be transferring to the shortside as the entire upmove would then I suspect have run out of steam.