Love is in the air…….

Its our anniversary. My wife and I were married 14 years ago today… She forgot.

At least the S&P has found love. Love with 1085. The next objective is this 1102 area which is the top of this longer term value area. As long as we can hold this area we have a shot for a big rally. Its ok if we trade lower tomorrow but we will have to bounce right back up and take off. Watch how price responds to this area and that will give you a clue where we are headed.

Paper sold size off the open and locals were long…Here comes Joey on offer pushing lower. He likes to fade the pit especially when paper is inactive. We couldn’t get the market past the OR which was a great signal that we were set for a bullish day. When he cant muscle the market the market forces are too big against him.

Tim Mack