Kudos to MMs

There is a strong breakout possibility just above here SPX [ES since we are pre-market]. Hard to tell pre-market, but I would say that above 820 ES with confirmation gives 80 delta of 842, with chance of strong follow through for days. Small resistance 820ish is obvious.

Support 782 to 792, with real bad news if we go below 770 [high probability of new bear market lows, with no clear support anywhere].
 
We touched 820.xx and backed off. I wish we had gap filled, then ran over shorts breaking out of 820 with force. But this shows that people are beginning to worry about chasing a strong rally more than they are worried about the downside. Greed is coming back.
 
Support 820 ish, but I doubt market allows an obvious entry Long. Either 820 is wrong and it trades right through it, or it never gets there and we go ballistic again.
 
Talking heads on TV panicking over no number from Obama. One message that this administration has sent repeatedly: They will confront and engage problems fiercely head on. But they do that with the discipline of a monk. No chicken-with-head-cut-off decisions.

Get used to it.
 
Pre market action suggests we test 820 SPX. Currencies have an ominous pattern short term. Perhaps over the long term it is better if we gap fill 802 ish to 808 ish anyway.

Don't buy here imo, at least not until Obama gives a number.
 
I hope the market doesn't become a government addict [trying to make an analogy with a crack addict.] Markets react only to government $ injections. Good news from companies are completely ignored.

Currencies did a 180 on the government news this morning.
 
820 to 825 some support. If we lose that we gap fill 802 - 808.

Apathy [drift] seems more likely than anything else.
 
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