After a month of building a base and trying to get back above the 200ma, the S&P has spent 4 days above it but staying close by….maybe building the next base. The 3 doji days each closed just a little bit higher than the previous one. I wouldn’t mind a fast trip to the 50ma.

Ok, so I’m bullish, but I have this one seasonal problem….we have not had an up week after June options expiration since 1998! That may work against me.




Sometimes, entranced by the screens, watching equities, options and futures change colors, charts moving in a wave, and indicators pointing in every direction, I just have to scream....



The consolidation that has taken place during the past three sessions is currently favoring continuation of the uptrend, which is even more evident on the 30-minute chart:
http://stockcharts.com/h-sc/ui?s=$SPX&p=30&b=5&g=0&id=p18803803205&a=201012080