Monday UP !

Bullish Monday, why.
Screw the Committee in DC. To many think it bearish.
Vix + SPX down = up day.
Inside day = Up.
Spy up +.17 after hrs.
Index PcR .88 = extreme seen near highs in a few days from now. Leading indicator.
Seasonally bullish. Will watch 1217 then 1220 for strength. Spx.

What if it's a bear trap.
We will look at this chart.

L 1249,Buy on 3-23@ 1297 High 1339 + 42 pts
June 1st sell 1314 Buy June 30 1320 -6 pts sell high July 7th 1356 + 36 pts
Sell-July 27th 1304 low 10-4 1074 etc.
Using the buy/sell on this chart from Stockcharts.com is useless but if you tweak it there are big opportunity's.
This chart clearly shows we are topping at 1292 and perhaps ready for a big slide. Cross the green line is a clue but Friday we had a little hint of a turn. Nothing goes straight down.

Jerry O


Barcharts suggest a sell mode!
http://www.barchart.com/quotes/futures/$SPX