Market Talk

Unless there is some fantastic news that temporarily diverts the attention of traders from the world's ills, be it catching Osama (remember him?) or magical earnings from some important names, then it will be just a matter of time before we break SPY 85.5. Once that occurs then the bulls have to either make a stance at this important support zone or be prepared for a retest of December lows (82) and subsequent November lows (74).