I bet a lot of you enjoyed the Oscars last night. Man on a Wire was one of my favorite movies from last year, so I was pleased to see it take home Best Documentary. I was even more excited to discover that, after a lifetime of waiting, I am at last more physically appealing than Sophia Loren. It was a struggle, but by God, I got there.
The /ES, for me, remains the best view of the market, since it encompasses far more trading hours. I sort of feel sorry for my old self, since the $SPX is just a subset of this view. Looking at the daily chart, I think we've got good resistance just beneath 800 and, if that is busted, strong resistance at 840.50
It wouldn't surprised me if the Big Countertrend Rally started appearing on the sides of milk cartons. It just never seems to show up.
