weekend wrap up, page-3

A nice break out instead of a dt and we just got to be prepare to trade the breakout and that s&p will pull back to the breakout level to test support and may be consolidated.

Friday rally is on positive economic news from housing data and Big Ben speech but how often have we heard that market always ran ahead of the economic recovery. Foods for thought.

I am expecting for a short squeeze rally on our spi at the open and then continue to dript lower into the close. I don't believe the sell down on Friday is completed. If anything the Dow strength on Friday

Good luck