Mid Day S&P500 Futures Update (SPX)
The future held their red tent over night, though once again the mystery buyer stepped back into the ring 1151.75, 1.75 points above the 1150 support which has been in tact for a week or so. 1155 was breached, though only briefly, looks like all the retards are buying this “quantitative easing # 2” or QEII. You know what i am fairly convinced the bullshit printing of money will find its way back into the market, though the party can only go on for so long. Equities go up our dollar goes down, food prices go up, oil prices go up all synthetic taxes on American wages, which are shrinking and jobs are few and far between.
Today’s upper resistance is 1162 with the lower still being 1150, based on the violence of the uptrend off 1151.75 today im sure we have a bit of funny money in the market so watch for spikey unpredictable upward biased trading.
FED MINUTES TODAY 16:00