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Well, Ben got us to 1600 on the SPX and 15000 on the INDU. What’s the next Big Round Number for his adoring public? 3000 on the NDX! Considering how the market has completely and utterly detached itself from reality – – both bad news and good news is considered bullish – – no doubt we will be there soon.
I’m really not feeling at all well today so I’m going to post three charts and go back to bed.
SPX closed at the upper bollinger band for a third day yesterday, and if it does the same again today the target range is 1631-4. Daily middle bollinger band support is now at 1583:
