The blue scenario in the original post on the SPY (Click Here) is clearly dead !! We are left with green and red ! If the SPY does not pullback dramatically in today's or tomorrow's session .. then we will be left with the red scenario with potential upside target around $115-116 on the SPY .. roughly S&P around 1150-1160 ! I had discussd about this final target on the S&P 500 in THIS POST !! If we get pass these levels in the next few weeks .. then i'll really start to be embarrased ! Gulp !!! As far FXE (Euro) and GLD are concerned .. it goes without saying that the red scenario on the SPY will make GLD and FXE and USO rally some more ! Stay tuned ! Next post around 10 AM.. NY time !!
